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Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger Plc LSE:MTR London Ordinary Share GB00BMQC0691 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 2.17% 23.50 23.00 24.00 23.50 23.50 23.50 2,167 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -4.0 -0.3 - 36

METAL TIGER PLC: Cobre Update (ASX:CBE)

20/11/2020 10:07am

UK Regulatory (RNS & others)


Metal Tiger (LSE:MTR)
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From Oct 2020 to Nov 2020

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TIDMMTR 
 
 

Metal Tiger Plc

 

("Metal Tiger" or the "Company")

 

Cobre Update (ASX:CBE)

 

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to note the press release from Cobre Limited ("Cobre") regarding the successful completion of the due diligence period under the Heads of Agreement Cobre executed with the Company for the proposed scrip-based acquisition of up to a 51% interest in the equity of Kalahari Metals Limited ("KML") (the "Transaction").

 

The Transaction remains subject to finalising transaction documents, receipt of relevant regulatory approvals, and approval by Cobre shareholders at an Extraordinary General Meeting which is expected to occur in early 2021.

 

Metal Tiger owns 18.79% and 62.2% of the issued share capital of Cobre and 62.2% interest in Kalahari Metals LimiteKML drespectively.

 

For further information on the Heads of Agreement and the Transaction, please see Metal Tiger's announcements of 24 August 2020 and 22 October 2020.

 

The link to Cobre's Update press release can be found below:

 

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02311364-2A1264970?access_token=83ff96335c2d45a094df02a206a39ff4

 

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

 

Enquiries:

 
Michael McNeilly  (Chief Executive Officer)           Tel: +44 (0)20 7099 0738 
 Mark Potter       (Chief Investment Officer) 
Richard Tulloch   Strand Hanson Limited (Nominated    Tel +44 (0)20 7409 3494 
 James Dance      Adviser) 
 Jack Botros 
Paul Shackleton   Arden Partners plc (Broker)         Tel: +44 (0)20 7614 5900 
 Steve Douglas 
Gordon Poole      Camarco (Financial PR)              Tel: +44 (0)20 3757 4980 
 James Crothers 
 Hugo Liddy 
 

Notes to Editors:

 

Metal Tiger PLC 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.

 

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: Equity Investments and Project Investments.

 

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. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.

 

Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari 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.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20201120005322/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

November 20, 2020 05:07 ET (10:07 GMT)

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