LONDON (Alliance News) - Metal Tiger PLC on Monday said it bought 14.7 million shares in Greatland Gold PLC, building a 0.46% stake in the Australia-focused oil & gas company.
The AIM listed natural resources investor acquired the shares at 1.72 pence each for GBP252,840.
Metal Tiger's Chief Executive Officer Michael McNeilly said: "Metal Tiger is delighted to once again become a shareholder of Greatland Gold following the recent announcement of a world class gold discovery at Greatland’s Havieron licence in the Paterson region of Western Australia.
"We are highly encouraged by the indicative size of this new gold discovery at Havieron, given the exceptional drilling and geophysical results Greatland has announced to date."
Metal Tiger shares were trading up 2.1% at 1.43p each while Greatland Gold were up 4.2% at 1.81p.