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 that it has received completed signed warrant conversion notices for the following amount:
|Number of warrants exercised||Price (£)||Pound value (£)||New ordinary shares to be issued|
The 3,999,999 new ordinary shares are expected to be admitted to trading on or around 14 November 2017.
Following this issue the Company has 1,041,979,644 ordinary shares in issue.
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
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
|Tel +44 (0)20 3440 6800|
|Nick Emerson|| SI Capital
|Tel: +44 (0)1483 413 500|
|Gordon Poole||Camarco||Tel: +44 (0)20 3757 4980|
|James Crothers||(Financial PR)|
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, 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