METAL TIGER PLC: Investment in Southern Gold (ASX:SAU)
January 04 2021 - 1:00AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Investment in Southern Gold (ASX:SAU)
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that it has purchased 1,225,000 shares in ASX listed Southern Gold
Limited (ASX:SAU) ("Southern Gold"), at an average price (before
costs) of approximately A$0.1193 per share, for a total
consideration of approximately A$146k.
Following this investment, Metal Tiger will be interested in
37,794,000 Southern Gold shares, representing approximately 17.72%
of the company's issued share capital, and 7,284,500 2-year A$0.18
warrants.
Southern Gold is a successful gold explorer listed on the
Australian Securities Exchange. Southern Gold owns 100% of a
substantial portfolio of high-grade gold projects in South Korea
that are largely greenfield epithermal gold-silver targets in the
south-west of the country. Backed by a first-class technical team,
Southern Gold's aim is to find tier one epithermal gold-silver
deposits in a jurisdiction that has seen very little modern
exploration. For the year ended 30 June 2020, Southern Gold
reported a loss before tax of A$4.17 million and net assets of
A$10.53 million. Michael McNeilly, Metal Tiger's Chief Executive
Officer, is a non-executive director of Southern Gold.
For further information on the Company, visit:
www.metaltigerplc.com:
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited Tel +44 (0)20 7409 3494
(Nominated Adviser)
James Dance
Jack Botros
Paul Shackleton Arden Partners plc Tel: +44 (0)20 7614 5900
(Broker)
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") with the trading code MTR and
invests in high potential mineral projects with a base, precious
and strategic metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX: SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210103005025/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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