logo-loader
RNS
viewMetal Tiger PLC

Announcement of Placement by Southern Gold

--(BUSINESS WIRE)--LONDON

11 February 2020

Metal Tiger plc

("Metal Tiger" or the "Company")

Announcement of Placement by Southern Gold

(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that, further to its announcement on , Southern Gold Limited (“Southern Gold”) has announced that it has received binding commitments from investors in respect of a placement (the “Placement”). The Placement is conditional on the approval of Southern Gold shareholders at a duly convened general meeting, expected to be held in early to mid-March.Metal Tiger plc10 February 2020A$10 million

Assuming Southern Gold shareholders approve the Placement, Metal Tiger will be interested in approximately 14.90% of the company. As part of the terms of Metal Tiger’s investment, , Non-Executive Director of Metal Tiger, will join the Board of Southern Gold subject to the approval of the Placement by Southern Gold shareholders.Terry Grammer

Southern Gold’s full press release can be viewed using the following link:

https://www.asx.com.au/asxpdf/20200211/pdf/44dzn05sbp5z1w.pdf

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

Enquiries:

Notes to Editors:

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.Metal Tiger plc

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: and Direct Projects.Direct Equities

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in (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 in the Direct Projects Division.The Direct Equities DivisionSandfire Resources NL

is focused on the development of its key project interests in , Kalahari copper/silver belt through its interest in . In , Metal Tiger has interests in two potentially near-production stage lead/zinc/silver mines as well as license applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.The Direct Projects DivisionBotswanaThailandKalahari 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.

Metal Tiger plc

Source:Metal Tiger plc

Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter(Chief Investment Officer)
Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson LimitedTel +44 (0)20 7409 3494
Gordon Poole

James Crothers

Monique Perks

Camarco (Financial PR)Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 1.125

Market: AIM
Market Cap: £17.12 m
Follow

Create your account: sign up and get ahead on news and events

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Metal Tiger PLC is well funded with interesting projects and looking for more

Metal Tiger Plc (LON-MTR) CEO Michael McNeilly and Director Terry Grammer sat down with Steve Darling from Proactive Vancouver to discuss their portfolio of resource investments.  The London-based team also talked about their current trip to Canada and the possibility of adding more...

on 07/31/2019