TIDMMTR

Metal Tiger Plc

("Metal Tiger" or the "Company")

Exercise of Warrants / Director Dealing

Metal Tiger (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has received warrant conversion notices for, in aggregate, 222,412 new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares"). 50,000 of these warrants have been exercised by the Company's Chief Executive Officer, Michael McNeilly.

Details of the warrant conversions are summarised below:

 
  Aggregate number of                          New Ordinary Shares 
  warrants exercised     Price    Pound value  to be issued 
  222,412                GBP0.20  GBP44,482    222,412

The 222,412 new Ordinary Shares are expected to be admitted to trading on AIM on or around 24 February 2021 ("Admission").

Following Admission, Michael McNeilly will be interested in a total of 700,000 Ordinary Shares, representing 0.46% of the Company's then issued share capital.

Following Admission, the number of Ordinary Shares in issue in the Company will increase to 153,792,654. 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 153,792,654 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.

PDMR Notification Form

The notification below is made in accordance with the requirements of the Market Abuse Regulation:

 
1.  Details of the person discharging managerial responsibilities / person 
    closely associated 
a)  Name                                   Michael McNeilly 
2.  Reason for the Notification 
a)  Position/status                        CEO 
b)  Initial notification/amendment         Initial notification 
3.  Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                                   Metal Tiger plc 
b)  LEI                                    213800K1IN6M1VCVPA93 
4.  Details of the transaction(s): section to be repeated for (i) each type of 
    instrument; (ii) each type of transaction; (iii) each date; and (iv) each 
    place where transactions have been conducted 
a)  Description of the Financial           Ordinary shares of 0.1 pence each 
    instrument, type of instrument 
    Identification code                    GB00BMQC0691 
b)  Nature of the Transaction              Exercise of warrants 
c)  Price(s) and volume(s)                 Price(s)           Volume(s) 
                                            20 pence           50,000 
d)  Aggregated information 
     Aggregated volume Price                N/A 
e)  Date of the transaction                18 February 2021 
f)  Place of the transaction               AIM (LSE)

For further information on the Company, visit: www.metaltigerplc.com:

Enquiries:

 
Michael McNeilly     (Chief Executive Officer)        Tel: +44 (0)20 3287 5349 
 Mark Potter          (Chief Investment Officer) 
James Dance          Strand Hanson Limited            Tel +44 (0)20 7409 3494 
 Jack Botros         (Nominated Adviser) 
 Georgia Langoulant 
Paul Shackleton      Arden Partners plc (Broker)      Tel: +44 (0)20 7614 5900 
 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/20210218005562/en/

 
    CONTACT:

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2021

(END) Dow Jones Newswires

February 18, 2021 07:22 ET (12:22 GMT)

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