Metal Tiger PLC Exercise of Warrants (7887O)
February 11 2021 - 3:09AM
UK Regulatory
TIDMMTR
RNS Number : 7887O
Metal Tiger PLC
11 February 2021
11 February 2021
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants
Metal Tiger (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resources opportunities, is pleased to announce
that it has received warrant conversion notices for, in aggregate,
the following amount:
Number of warrants exercised Price (GBP) Pound value (GBP) New ordinary shares to be issued
155,171 GBP0.20 GBP31,034.20 155,171
The 155,171 new ordinary shares are expected to be admitted to
trading on AIM on or around 17 February 2021.
Following the issue of the new ordinary shares, the number of
ordinary shares in issue in the Company will increase to
153,518,519. For the purposes of the Financial Conduct Authority's
Disclosure and Transparency Rules ("DTRs"), the issued ordinary
share capital of Metal Tiger following this allotment will consist
of 153,518,519 ordinary shares with voting rights attached (one
vote per share). There are no shares held in treasury. This total
voting rights figure may be used by shareholders as the denominator
for the calculation by which they will determine whether they are
required to notify their interest in, or a change to their interest
in, Metal Tiger under the DTRs.
For further information on the Company, visit:
www.metaltigerplc.com :
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20
Mark Potter (Chief Investment Officer) 3287 5349
James Dance Strand Hanson Limited (Nominated Tel +44 (0)20 7409
Jack Botros Adviser) 3494
Georgia Langoulant
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20
Steve Douglas 7614 5900
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20
James Crothers 3757 4980
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.
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END
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