Metal Tiger plc Director Warrant Conversion

 
TIDMMTR 
 
 

11 October 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Director Warrant Conversion

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce the conversion of 30,000,000 1.6p warrants held by Terry Grammer, Non-Executive Director of Metal Tiger.

Highlights:

 
 
    -- Terry Grammer, Non-Executive Director, has invested GBP480,000 to 

exercise the 30,000,000 warrants at 1.6p per warrant in Metal Tiger

which will result in Terry Grammer being issued with 30,000,000

ordinary shares in the Company. Following this conversion and the

issue of these shares Terry Grammer will be interested in 68,150,667

ordinary shares in the Company or 6.69% of the Company.

 
    -- The Board expects that a majority of these new funds will be used to 

explore investment opportunities outside of the Company's two main

Direct Project investments in Thailand and Botswana.

The 30,000,000 new ordinary shares are expected to be admitted to trading on or around 18 October 2017.

Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 1,018,628,768. 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 consists of 1,018,628,768 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.

Michael McNeilly, Chief Executive Officer of Metal Tiger commented:

"This is a strong sign of support from fellow director Terry Grammer, Metal Tiger's second largest shareholder. With Terry Grammer's investment, Metal Tiger will continue its strategy of exploring further investment opportunities outside of its two main Direct Project investments in Thailand and Botswana."

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

 
Michael McNeilly (Chief                     Tel: [phone] 
Executive Officer) 
Keith Springall (Finance                    Tel: [phone] 
Director 
& Company Secretary) 
Stephen Allen or           RFC Ambrian Ltd  Tel [phone] 
Bhavesh Patel              (Nominated 
                           Adviser) 
Jonathan Williams          RFC Ambrian Ltd  Tel [phone] 
                           (Joint Broker) 
Nick Emerson               SI Capital       Tel: [phone] 
                           (Joint Broker) 
Gordon Poole               Camarco          Tel: [phone] 
James Crothers             (Financial PR) 
 
 

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 interests in two potentially near-production stage silver/lead/zinc mines as well as 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 AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171011005584/en/

 
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(END) Dow Jones Newswires

October 11, 2017 08:33 ET (12:33 GMT)