Metal Tiger plc - Exercise of Warrants
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce it has exercised 15 million warrants in Greatland Gold plc (“GGP”) at 0.02p per warrant for 15m new ordinary shares in GGP at a total cost of £30,000.Following the exercise of the 15 million warrants MTR will hold 87.5m million shares in GGP representing 4.80% of the enlarged shareholding of GGP.
GGP reported a loss before tax of £662,903 for the year ended 30.06.16 and unaudited net assets of £1,097,691 as at 31.12.16.
Charles Hall, Non Executive Chairman, commented: “We are very happy to continue with our support for GGP and see great potential in their recent tie up with Newmont on their Ernest Gilles project. In addition the announcement this morning by GGP on positive VMS style mineralisation on their Bromus project will hopefully provides further potential for the company.”
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|
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
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.