Metal Tiger plc Sale of T3 Project and creation of New Exploration Joint Venture with MOD Resources
November 01 2018 - 2:00AM
UK Regulatory
TIDMMTR
01 November 2018
Metal Tiger plc
("Metal Tiger" or the "Company")
Update - Sale of T3 Project and creation of New Exploration
Joint Venture with MOD Resources
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, announces
that further to the announcement on 18 July, Metal Tiger expects
that completion of the sale of the T3 project and the creation of
the new exploration Joint Venture with MOD Resources will occur by
mid November. The only outstanding condition precedent for
completion is the demerger itself.
As announced on 26 October, Ministerial approval has been
received for the of transfer 8 JV licences (excluding PL 190/2008)
from Tshukudu Metals Botswana (Pty) Ltd into a new Botswana
registered JV exploration company, Tshukudu Exploration (Pty) Ltd,
held MOD (70%) and MTR (30%). The transfer approval for the
remaining 10 licences to Tshukudu Exploration (Pty) Ltd is
pending.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer) Tel: +44 (0)20 7099 0738
Stephen Allen or RFC Ambrian Ltd Tel +44 (0)20 3440 6800
Bhavesh Patel (Nominated Adviser)
Charlie Cryer RFC Ambrian Ltd Tel +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital (Joint Broker) Tel: +44 (0)1483 413 500
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
Monique Perks
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,
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:
https://www.businesswire.com/news/home/20181101005237/en/
This information is provided by Business Wire
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November 01, 2018 03:00 ET (07:00 GMT)
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