Cancellation of Treasury Shares

LONDON--(BUSINESS WIRE)--

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Cancellation of treasury shares

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that it has cancelled 20,779,310 shares, previously held in treasury, being all of the shares purchased by the Company between 15 January 2020 and 23 January 2020 pursuant to the share buyback programme announced on 19 December 2019

Notification of total voting rights in accordance with the FCA's Disclosure Guidance and Transparency Rules provision 5.6.1R.

Following today’s cancellation of shares, the Company's issued share capital consists of 1,522,076,607 shares with no shares held in Treasury.

Hence, the figure of 1,522,076,607 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Metal Tiger under the FCA's Disclosure Guidance and Transparency Rules.

For further information on the Company, visit: www.metaltigerplc.com:

Michael McNeilly   (Chief Executive Officer)   Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
 
Richard Tulloch

James Dance

Jack Botros

 Strand Hanson Limited (Nominated Adviser) Tel +44 (0)20 7409 3494
 
Paul Shackleton

Steve Douglas

 Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
 
Gordon Poole

James Crothers

Monique Perks

 Camarco (Financial PR) Tel: +44 (0)20 3757 4980

Notes to Editors:

Metal Tiger plc is admitted to the AIM market of the London Stock Exchange ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Direct Equities and Direct Projects.

The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in Sandfire Resources NL (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.

The Direct 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 through its interest in Kalahari Metals Limited. 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 lead/zinc/silver mines as well as licences, applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

Metal Tiger plc

Source: Metal Tiger plc