Metal Tiger plc MOD Resources Investment Update
August 29 2017 - 10:14AM
UK Regulatory
TIDMMTR
29 August 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
MOD Resources Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted
investor in strategic natural resource opportunities, is pleased to
announce an additional investment in MOD Resources (ASX:MOD),
taking the Company's shareholding to over 5 per cent.
In a share purchase completed today, the Company, which
previously held 91,795,214 MOD Resources shares valued at
A$5,599,508 (circa GBP3,444,791) at today's ASX closing price of
A$0.061 as well as 1,541,667 warrants with an exercise price of
$A0.06 (expiry 15.4.19), has made an additional investment for
3,748,720 MOD Resources shares at a price of A$0.06157. Following
the share purchase the Company now holds 5.049 per cent. of MOD
Resources.
MOD Resources reported audited net assets of A$18,407,416 and
audited net loss of A$1,920,772 for the year ended 31.12.16.
Michael McNeilly Chief Executive Officer of Metal Tiger
commented: "We are pleased to announce the increasing investment by
the Company in MOD Resources which takes us to over the 5%
reportable threshold for the ASX market and reaffirms our
confidence in the potential of the T3 Botswana asset."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)20 7099 0738
Director
& Company Secretary)
Stephen Allen or RFC Ambrian Ltd Tel: +44 (0) 3440 6800
Bhavesh Patel (Nominated Adviser)
Jonathan Williams RFC Ambrian Ltd Tel: +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
(Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
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
interests in two potentially near-production stage silver/lead/zinc
mines as well as 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 AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170829005831/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
August 29, 2017 11:14 ET (15:14 GMT)
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