Metal Tiger (LSE:MTR)
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RNS Number : 5497X

Metal Tiger PLC

06 May 2016

Metal Tiger Plc

06 May 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

FURTHER INVESTMENT - CONROY GOLD AND NATURAL RESOURCES

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce a further investment in Conroy Gold and Natural Resources plc ("Conroy Gold")(AIM:CGNR).

Metal Tiger has acquired 185,000 Conroy Gold shares through on-market purchases representing an additional amount invested of GBP45,465 and thus an average price per share of 24.6p. Metal Tiger's holding equates to 3.35% of the current issued share capital of Conroy Gold.

In addition, as announced on 4(th) May 2016, Metal Tiger has participated in a placing to acquire 675,675 shares of Conroy Gold which is due to be admitted on or around 10(th) May 2016. Based on Metal Tiger's current shareholding of 185,000 shares and the placing participation of 675,675 shares Metal Tiger's holding on 10(th) May 2016 will be 860,675 shares or 7.81% of then issued share capital.

Conroy Gold reported a loss of EUR315,314 for the year ended 31.05.15 and net assets of EUR15,256,853 as at 30.11.15.

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

 
 Paul Johnson                                  Tel: +44 (0)7766 
  (Chief Executive                              465 617 
  Officer) 
 Terry Grammer                                 Tel: +44 (0)207 
  (Non- Executive                               099 0738 
  Chairman) 
 Sean Wyndham-Quin   Spark Advisory Partners   Tel: +44 (0) 2033 
  Neil Baldwin        Limited                   683 555 
  Nick Emerson        (Nominated Adviser)       www.sparkadvisorypartners.com 
  Andy Thacker        SI Capital                Tel: +44 (0) 1483 
                      (Sole Broker)             413 500 
 

Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Company's target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tiger's Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company's project based activities.

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

May 06, 2016 09:57 ET (13:57 GMT)