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Investment Update - Kibo Mining Plc

RNS Number : 6803B
Metal Tiger PLC
08 January 2015
 



METAL TIGER PLC

8 January 2015

 



Metal Tiger Plc

("Metal Tiger" or the "Company")

 

Investment Update - Kibo Mining Plc

 

Metal Tiger Plc (LON: MTR), the AIM listed natural resources investing company, notes the announcement released by Kibo Mining Plc ("Kibo") that Metal Tiger has reduced its shareholding in Kibo to below a 3% notifiable level.

 

The Board of Metal Tiger is pleased to confirm that it has now crystallised a significant return on its Kibo holding with the average share price at sale being in excess of five times the original price of acquisition.  Metal Tiger continues to hold shares in Kibo as it progresses towards finalisation of its joint venture of Kibo's uranium assets.

 

Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger is pleased to confirm our first investment in AIM-listed Kibo Mining has delivered a substantial profit for the Company and we are excited about the potential for further upside as a continuing Kibo shareholder and soon-to-be joint venture partner.  The cash generated through the sale of shares enables Metal Tiger to continue the rapid growth of its investment portfolio - both in listed and unlisted opportunities.  Numerous investments are under review and we will update shareholders as soon as we are able in this regard."

 

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

 

Cameron Parry

(CEO)


Tel: +44 (0)207 099 0738

Paul Johnson

(Non-Executive Director)


Tel: +44 (0)7766 465 617

Sean Wyndham-Quin

Neil Baldwin

Spark Advisory Partners Limited

(Nominated Adviser)

Tel: +44 (0) 2033 683 555




Nick Emerson

Andy Thacker

SI Capital Limited

(Sole Broker)

Tel: +44 (0) 1483 413 500

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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