MTR Metal Tiger Plc

 
TIDMMTR 
 
 

Metal Tiger plc (MTR)

16 November, 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Share Issue

Further to the announcement on 6 November 2017 of the issue of new Metal Tiger shares in consideration for the termination of the rights to the holders of 514,500 warrants ("Warrants") in KEMCO Mining plc ("KEMCO"), the Company advises the issue of an additional 256,735 new Metal Tiger shares in respect of 5,000 of the Warrants.

The Company advises that the number of Warrants extended by agreement to 28 February 2018 is 199,500 and not 204,500 as originally stated in the 6 November 2017 RNS. Accordingly, the total number of the Warrants converted is 315,000 and not 310,000 as originally advised.

The 5,000 Warrants have been converted pursuant to their original terms at an issue price of 1.95p calculated at a 20% discount to the 15-day VWAP post 13 October. The new Metal Tiger shares are expected to commence trading on or around 21 November 2017.

Following this issue Metal Tiger has 1,042,236,379 issued shares.

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)20 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) 
Gordon Poole               Camarco          Tel: +44 (0)20 3757 4980 
James Crothers             (Financial PR) 
 
 

LEI: 213800K1IN6M1VCVPA93

Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171116005589/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 16, 2017 04:33 ET (09:33 GMT)

Metal Tiger (LSE:MTR)
Historical Stock Chart
From Apr 2024 to May 2024

Metal Tiger (LSE:MTR)
Historical Stock Chart
From May 2023 to May 2024