Metal Tiger looks to acquire up to 50% of Botswanan focused Kalahari Metals

Michael McNeilly, chief executive of Metal Tiger PLC (LON: MTR) discusses with Proactive the news they've signed a binding investment agreement to acquire up to 50% of Botswanan focused explorer Kalahari Metals Limited (KML) for a total consideration of US$1.6mln.

McNeilly says they've exercised the first option under the agreement and is to be issued 18% of the enlarged share capital of KML for a total consideration of US$600,000.