Metal Tiger plc - Update on Sprott Private Placement Offering
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Metal Tiger Plc
("Metal Tiger" or the "Company")
Update on Sprott Private Placement Offering
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that further to the announcements on the 28 and 29 March 2017 relating to the Sprott Private Placement Offering, shareholders should note that Sprott and Metal Tiger have mutually agreed to extend the Closing Date from the 17 April 2017 to the 20 April 2017.
Shareholders should note that the Offering is conditional on certain conditions being met before the closing date of 20 April 2017. If these conditions are not met by the Closing Date, the Offering may not occur and Metal Tiger may not raise the £4.29m. The Closing Date may be changed upon mutual agreement of Sprott and Metal Tiger.
A further announcement will be made in due course.
For further information on the Company, visit: www.metaltigerplc.com:
|Michael McNeilly (Chief Executive Officer)||Tel: +44(0)20 7099 0738|
|Keith Springall (Finance Director & Company Secretary)||Tel: +44 (0)207099 0738|
| Sean Wyndham-Quin
| Spark Advisory Partners Limited
Tel: +44 (0) 2033 683 555
| Nick Emerson
| SI Capital
|Tel: +44 (0)1483 413 500|
| Andrew Monk
| VSA Capital Limited
|Tel: +44 (0)20 3005 5000|
| Gordon Poole
|Tel: +44 (0)203 757 4980|
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 precious and strategic metals focus.
The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.