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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
  0.00 0.0% 19.50 19.00 20.00 19.50 19.50 19.50 88,681 08:00:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -4.0 -0.3 - 30

METAL TIGER PLC: Investment in Millennial Silver Corp.

15/02/2021 12:31pm

UK Regulatory (RNS & others)


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15 February 2021

 

Metal Tiger Plc

 

("Metal Tiger" or the "Company")

 

Investment in Millennial Silver Corp.

 

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 300,000 shares in Millennial Silver Corp. ("Millennial"), at a price of C$0.50 per share, for a total investment of C$150,000 (approximately GBP85,200), as part of Millennial's C$24 million equity financing in connection with the proposed business combination with 1246768 B.C. LTD ("768") to form Millennial Precious Metals Corp., which was announced as having closed on 11 February 2021 (the "Fundraise").

 

Further details can be found at the following link:

 

https://millennialpreciousmetals.com/wp-content/uploads/2021/02/768-Financial-PR.pdf

 

Millennial is an acquisition company that will be looking to complete a series of transactions (collectively, the "Transactions") among 768, Millennial and Clover Nevada LLC that will, among other things, result in 768 (to be named "Millennial Precious Metals Corp.") indirectly acquiring Clover Nevada LLC's interest in each of the Wildcat Property, the Mountain View Property, the Marr Property, the Ocelot Property, the Eden Property and the Dune Property located in Nevada and a lease and option to purchase the Red Canyon Property also located in Nevada. The Transactions are conditional on the TSX Venture Exchange approving the listing of the post-consolidation common shares of 768 (the "Resulting Issuer Shares"), and other customary conditions.

 

768 is a shell company, incorporated on 8 April 2020, which reported a loss for the period to 31 December 2020 of C$55,479. For further information in relation to the Transactions, shareholders should refer to the following presentation: https://millennialpreciousmetals.com/wp-content/uploads/2021/01/MPM-Corporate-Deck-January-2021-Financing-Launch-vf.pdf

 

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) 
James Dance       Strand Hanson Limited (Nominated    Tel +44 (0)20 7409 3494 
 Jack Botros      Adviser) 
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/20210215005197/en/

 
    CONTACT: 

Metal Tiger plc

 
    SOURCE: Metal Tiger plc 
Copyright Business Wire 2021 
 

(END) Dow Jones Newswires

February 15, 2021 07:31 ET (12:31 GMT)

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