METAL TIGER PLC: Cobre Limited - Oversubscribed Share Purchase Plan

TIDMMTR 
 
 

19 January 2023

Metal Tiger plc

("Metal Tiger" or the "Company")

Cobre Limited - Oversubscribed Share Purchase Plan

Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to note that Cobre Limited ("Cobre") has announced the results of its Share Purchase Plan (SPP) announced on 19 December 2022, which closed on 17 January 2023.

Cobre is also progressing with respect to the issue of shares under the second tranche of the Capital Raising, also announced on 19 December 2022, with an update to be provided on the date of the Extraordinary General Meeting seeking shareholder approval in the near future.

A link to Cobre's announcement, released today, is set out below:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02622421-2A1426251?access_token=83ff96335c2d45a094df02a206a39ff4

Following completion of the placing and closure of the Share Purchase Plan, Metal Tiger will be interested in 53,656,803 shares in Cobre, representing approximately 18.76%.

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

Enquiries:

 
Michael McNeilly           (Chief Executive Officer)  Tel: [phone] 
Mark Potter                (Chief Investment 
                           Officer) 
 
James Dance                Strand Hanson Limited      Tel [phone] 
 Richard Johnson           (Nominated Adviser) 
 Robert Collins 
 
Simon Johnson Alexandra    Zeus Capital Limited       Tel [phone] 
Campbell-Harris            (Broker) 
 
Gordon Poole               Camarco (Financial PR)     Tel: [phone] 
 Elfie Kent 
 Rebecca Waterworth 
 

Notes to Editors:

Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") 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.

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.

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/20230119005515/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2023 
 

(END) Dow Jones Newswires

January 19, 2023 08:12 ET (13:12 GMT)