Completion of Subscription and Holdings in Company

RNS Number : 7994J
Metal Tiger PLC
17 June 2014


17 June 2014


Metal Tiger plc

(formerly called Brady Exploration plc)

("Metal Tiger" or the "Company")


Completion of Subscription

Holding (s) in Company

Change of Website Address


Further to the announcement made by the Company on 16 June 2014 the Company is pleased to confirm that admission of the Enlarged Share Capital to trading on AIM became effective at 8.00 am this morning, resulting in completion of the Proposals.  Pursuant to the Proposals the Company has, inter alia, raised £400,000 (before expenses) through a subscription for 80,000,000 new Ordinary Shares at 0.5p per Ordinary Share.


Cameron Parry and Paul Johnson have joined the Board in the roles of Chief Executive and Non-Executive Director respectively and Nicholas Lee has stepped down from the Board. Accordingly the Board now comprises Cameron Parry (Chief Executive), Alex Borrelli (Non-Executive Chairman) and Paul Johnson (Non-Executive Director).


The Company's ticker has now changed from "BRDY" to "MTR" (the ISIN and SEDOL numbers of the Company remain the same).


The Board confirms that, following Admission of the Enlarged Share Capital, it is aware of the following Shareholders that have interests in 3 per cent. or more of the issued share capital of the Company, as detailed below:



Number of Ordinary Shares

Percentage of issued share capital

Michael Joseph



Black Star Gold Pty Ltd*



Paternoster Resources plc



Goldbondsuper Pty Ltd



Goldfire Enterprises Pty Ltd



Paul Jackson



Ken Dulieu



* Company of which Cameron Parry (CEO of Metal Tiger) is executive director


With effect from today the Company has changed its website address to to reflect the Company's new name and strategic direction. The information required by Rule 26 of the AIM Rules for Companies (including details on the Company's New Investing Policy) is available under the section "AIM Rule 26" of the website.


Definitions in this announcement are consistent with those set out in the circular issued to Shareholders of the Company on 22 May 2014, a copy of which is available on the Company's new website (


For further information on the Company, visit: or contact:


Alex Borrelli


Cameron Parry


Metal Tiger plc

Tel: +44 (0) 7747 020 600


Tel: +44 (0) 7761 895 908




Nick Naylor 

Nick Athanas

Michael McNeilly


Allenby Capital Limited

(Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 3328 5656




Lucy Williams

Peterhouse Corporate Finance

(Joint Broker)

Tel: +44 (0) 20 7469 0935



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