Additional Investment - Greatland Gold
Metal Tiger Plc
("Metal Tiger" or the "Company")
ADDITIONAL INVESTMENT – GREATLAND GOLD
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an additional investment in Greatland Gold plc (“Greatland Gold”)(AIM:GGP).
Metal Tiger today purchased a further 6 million shares in Greatland Gold at 0.174p per share and increased its shareholding to 156 million shares, representing 9.56% of Greatland Gold’s issued share capital.
Paul Johnson, Chief Executive Officer of Metal Tiger commented “Metal Tiger has noted the decline in share price of Greatland Gold and reflecting what we consider to be an oversold situation have increased our position accordingly.
We consider Greatland Gold to have multiple opportunities for considerable value generation for shareholders both in respect of existing projects and any new ventures with which the company may seek to engage.
The recent decline in share price represents for us a buying opportunity. We intend to capitalise on market price reactions of this nature, enabling us to build positions in undervalued resource companies when the market chooses to offer lower entry prices.”
Greatland Gold plc reported an audited loss of £1,168,716 for the year ended 30.06.15 and unaudited net assets of £705,068 at 31.12.15.
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|
Spark Advisory Partners Limited
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