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Investment Update - Spain

RNS Number : 8167B
Metal Tiger PLC
09 January 2015
 



METAL TIGER PLC

9 January 2015

 



Metal Tiger Plc

("Metal Tiger" or the "Company")

 

Investment Update - Spain

 

Metal Tiger Plc (LON: MTR), AIM listed natural resources investing company, is pleased to provide the following update regarding the exploration project the subject of its 30-day exclusive zero-cost option announced on 9 December 2014.  The exploration licence (Treparriscos 3 No 6.858) covers an area of 2,987 hectares in North-West Spain that is prospective for gold, tin and tungsten ("Navasfrias Project").

 

The 30-day exclusive period has concluded but Metal Tiger is not yet entirely satisfied with the terms proposed and discussions continue with the vendor on a non-exclusive basis.  Should negotiations reach terms acceptable to Metal Tiger, the Company will update the market accordingly.

 

Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger's pipeline of investment opportunities continues to grow and the Company's negotiations keenly reflect our focus on the interests of Metal Tiger and its shareholders.  The Navasfrias Project is one of a number of Spanish projects under review currently and the Company intends to finalise an agreement on one of its targets in the near term.  In addition to Spain, Metal Tiger is considering other precious metal project investment opportunities in Europe, Africa and South East Asia."

 

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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