Metal Tiger plc Issue of Equity
05 Abril 2019 - 4:48AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
Issue of Shares
Metal Tiger (LON: MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
announce that it has agreed to issue 384,615 new ordinary shares of
0.01p each in the capital of the Company ("Ordinary Shares") (the
"Fee Shares") in lieu of cash for professional services provided to
the Company.
The 384,615 Fee Shares are expected to be admitted to trading on
AIM on 11 April 2019 ("Admission").
Following the Admission of the Fee Shares, the number of
Ordinary Shares in issue in the Company will increase to
1,557,513,577. For the purposes of the Financial Conduct
Authority's Disclosure and Transparency Rules ("DTRs"), the issued
ordinary share capital of Metal Tiger following Admission will
consist of 1,557,513,577 Ordinary Shares with voting rights
attached (one vote per Ordinary Share). There are no Ordinary
Shares held in treasury. This total voting rights figure may be
used by shareholders as the denominator for the calculation by
which they will determine whether they are required to notify their
interest in, or a change to their interest in, Metal Tiger under
the DTRs.
Ends
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited Tel +44 (0)20 7409 3494
James Dance (Nominated Adviser)
Jack Botros
Nick Emerson SI Capital (Broker) Tel: +44 (0)1483 413 500
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Monique Perks
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a base, precious and strategic
metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. The Company's key strategic objective is to ensure the
distribution to shareholders of major returns achieved from
disposals. Metal Tiger has two investment divisions: Direct
Equities and Direct Projects.
The Direct Equities division invests in undervalued natural
resource companies listed on AIM, the ASX and the TSX. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment in the Direct Projects division.
Metal Tiger's Direct Projects division is focused on the
development of its key project interests in Botswana, Spain and
Thailand. In Botswana, Metal Tiger, through its 10.48% interest in
MOD Resources Limited and related JV, has a growing interest in the
large and highly prospective Kalahari copper/silver belt. In Spain,
the Company has tungsten and gold interests in the highly
mineralised Extremadura region. In Thailand, Metal Tiger has
interests in two potentially near-production stage lead/zinc/silver
mines as well as licences, applications and critical historical
data covering antimony, copper, gold, lead, zinc and silver
opportunities.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190405005153/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 05, 2019 06:48 ET (10:48 GMT)
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