Metal Tiger plc - Investment Update
17 October 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Further to the announcement of 16 October 2017, Metal Tiger plc (LON:MTR), advises it has today purchased an additional 356,239 ordinary shares in Kingsgate Consolidated Limited (ASX:KCN) at an average price of circa AUD$0.36 (£0.21) per ordinary share for a total consideration of circa AUD$ 128,246 (circa £75,933), to bring its total holding in KCN up to 11,939,648 ordinary shares, representing 5.34% of the company and will be issuing a becoming a substantial shareholder notice with KCN on the ASX recording this total holding.
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)20 7099 0738|
|Stephen Allen or Bhavesh Patel||RFC Ambrian Ltd (Nominated Adviser)||Tel +44 (0)20 3440 6800|
|Jonathan Williams||RFC Ambrian Ltd (Joint Broker)||Tel +44 (0)20 3440 6800|
|Nick Emerson|| SI Capital
|Tel: +44 (0)1483 413 500|
| Gordon Poole
|Tel: +44 (0)20 3757 4980|
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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 interests in two potentially near-production stage silver/lead/zinc mines as well as 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.
Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State