Sign up USA
Proactive Investors - Run By Investors For Investors

Metal Tiger Plc invests in Conroy Gold and Natural Resources Plc

Paul Johnson, Metal Tiger chief executive, described the investment in Conroy Gold as an important step.
Gold pieces, represents exploration and evaluation work due to take place.
Cash proceeds will help fund gold exploration in Ireland.

Metal Tiger Plc (LON:MTR) has invested £125,000 in Irish exploration group Conroy Gold and Natural Resources (LON:CGNR).

It has agreed to buy 675,675 Conroy Gold shares priced at 18.5p each. It also receives warrants to acquire more shares at 37p each over a 30 month period.

The share subscription gives Metal Tiger a 6.1% stake in Conroy.

Paul Johnson, Metal Tiger chief executive, described the investment in Conroy Gold as an important step.

“The undervaluation of resource companies on AIM continues as demonstrated by Conroy Gold who have identified a substantial mineralised gold system and continue to confirm additional gold targets across their licence portfolio,” Johnson said.

“With the investment today we are supporting Conroy Gold in their pursuit of progress on the ground and we look forward to hearing of further developments in due course."

The Metal Tiger investment is part of a larger £1mln (€1.28mln) share placing designed to fund the advancement of Conroy’s principal gold opportunities, particularly the Clay Lake and Clontibret targets where it has a 5mln ounces of gold targets.

Professor Richardson Conroy, Conroy Gold chairman, in a statement, said: “We are particularly pleased to have raised a material sum enabling us to continue and accelerate our operational activities. 

“We are also pleased to have attracted the interest of Metal Tiger which approached us to undertake and underpin this financing.”

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

site map
July 16 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
1528370432_cobalt-on-periodic-table.jpg
June 07 2018
Primary Cobalt Corp is a project generator in growth mode
1532518239_Vanadium-electrolyte-batteries.jpg
July 25 2018
The vanadium price is riding high, and so is Bushveld Minerals

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use