Warrant Exercise

23 June 2016 12:17

Metal Tiger Plc

("Metal Tiger" or the "Company")

Warrant Exercise

The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it has received a binding signed warrant conversion notice for the following amount:

        Number of warrants exercised       Price (£)       Pound value (£)       New ordinary shares to be issued      
        6,750,000       0.016       108,000       6,750,000      
        555,556       0.018       10,000       555,556      
        222,222       0.018       4,000       222,222      
Total                       122,000       7,527,778      

The Board is pleased to confirm that it has raised £1,576,500 from warrant conversions since March 16 2016.

The 7,527,778 new ordinary shares are expected to be admitted to trading on or around 29 June 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 569,967,664. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists 569,967,664 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

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

Paul Johnson (Chief Executive Officer)               Tel: +44 (0)7766 465 617      
Terry Grammer (Non- Executive Chairman)               Tel: +44 (0)207 099 0738      
Sean Wyndham-Quin

Neil Baldwin

Nick Emerson

Andy Thacker

      Spark Advisory Partners Limited

(Nominated Adviser)

SI Capital

(Sole Broker)


Tel: +44 (0) 2033 683 555



Tel: +44 (0) 1483 413 500


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 Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over 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 ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company’s project based activities.


Copyright Business Wire 2016