METAL TIGER PLC: Director Dealing

TIDMMTR 
 
 

Metal Tiger plc

("Metal Tiger" or the "Company")

Director Dealing

Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, announces that, on 25 March 2020, the Company's Chief Executive Officer, Michael McNeilly, purchased 1,250,000 ordinary shares of 0.01 pence each in the capital of the Company ("Ordinary Shares") on market, at a price of 0.99 pence per share, for a total consideration of GBP12,375.

Following this purchase, Michael McNeilly is interested in a total of 5,247,733 Ordinary Shares, representing 0.34% of the Company's issued share capital.

PDMR Notification Form:

The notification below is made in accordance with the requirements of the Market Abuse Regulation:

 
1.  Details of the person discharging managerial responsibilities / person 
    closely associated 
a)  Name                                    Michael McNeilly 
2.  Reason for the Notification 
a)  Position/status                         CEO 
b)  Initial notification/amendment          Initial notification 
3.  Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
a)  Name                                    Metal Tiger plc 
b)  LEI                                     213800K1IN6M1VCVPA93 
4.  Details of the transaction(s): section to be repeated for (i) each type of 
    instrument; (ii) each type of transaction; (iii) each date; and (iv)each 
    place where transactions have been conducted 
a)  Description of the Financial            Ordinary Shares of 0.01 pence each 
    instrument, type of instrument 
    Identification code                     GB00BYX5K988 
b)  Nature of the Transaction               Purchase 
c)  Price(s) and volume(s)                  Price(s) 
                                             0.99 pence 
 
                                             Volume(s) 
                                             1,250,000 
d)  Aggregated information                  N/A (Single transaction) 
     Aggregated volume Price 
e)  Date of the transaction                 25 March 2020 
f)  Place of the transaction                AIM (LSE) 
 

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

Enquiries:

 
Michael McNeilly  (Chief Executive Officer)           Tel: [phone] 
 Mark Potter       (Chief Investment Officer) 
Richard Tulloch   Strand Hanson Limited (Nominated    Tel [phone] 
 James Dance      Adviser) 
 Jack Botros 
Paul Shackleton   Arden Partners plc (Broker)         Tel: [phone] 
 Steve Douglas 
Gordon Poole      Camarco (Financial PR)              Tel: [phone] 
 James Crothers 
 Monique Perks 
 

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: Direct Equities and Direct Projects.

The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.69% interest in Sandfire Resources NL (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 Projects Division is focused on the development of its key project interests in Botswana, Kalahari copper/silver belt through its interest in Kalahari Metals Limited. In Thailand, 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 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/20200326005096/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

March 26, 2020 03:00 ET (07:00 GMT)