METAL TIGER PLC: Sandfire Resources Update (ASX:SFR)
February 25 2021 - 3:26AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Sandfire Resources Update (ASX:SFR)
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to provide
an update in relation to its investment in Sandfire Resources
Limited ("Sandfire"). Sandfire has today announced its interim
dividend and released its December 2020 Half Year Financial
Results.
Metal Tiger is currently interested in 6,296,990 Sandfire shares
representing approximately 3.5% of Sandfire's issued share capital.
As announced on 31 July 2020, 2,842,667 of the Sandfire shares held
by the Company are subject to an equity derivative financing
arrangement with a global investment bank. Sandfire has announced
an A$0.08 dividend which goes ex-div on Tuesday March 2(nd) 2021.
Assuming Metal Tiger maintains its holding in Sandfire as at the
ex-div will receive a dividend of A$276,345 (circa GBP155,000) on
the shares not subject to the equity derivative financing
arrangement. The dividend received on the shares subject to the
equity derivative financing arrangement will lower the outstanding
loan balance by A$227,413.
Links to Sandfire's announcements relating to the dividend, half
year financial results and associated presentation and can be found
below:
Dividend/Distribution - SFR
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346065-6A1021851?access_token=83ff96335c2d45a094df02a206a39ff4
December 2020 Half Year Financial Report and Appendix 4D:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346059-6A1021845?access_token=83ff96335c2d45a094df02a206a39ff4
December 2020 Half Year Financial Results Announcement:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346061-6A1021846?access_token=83ff96335c2d45a094df02a206a39ff4
December 2020 Half Year Results Presentation:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02346063-6A1021848?access_token=83ff96335c2d45a094df02a206a39ff4
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)
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/20210225005404/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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