Metal Tiger’s CEO, Michael McNeilly, discusses recent updates to the MTR portfolio with Proactive Investors
Michael McNeilly, chief executive of Metal Tiger PLC (LON:MTR) discusses with Proactive the news they've signed a binding investment agreement to acquire up to 50% of Botswanan focused explorer Kalahari Metals Limited (KML) for a total consideration of US$1.6mln.
McNeilly says they've exercised the first option under the agreement and is to be issued 18% of the enlarged share capital of KML for a total consideration of US$600,000.
Metal Tiger Plc (LON:MTR) CEO Michael McNeilly talks to DirectorsTalk about its investment in Kalahari Metals. Michael explains the deal, what it means for shareholders, how it came about, the planned work programme, the future for the area and what investors can expect to see from the company next.