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MTRTue, 12th Jul 2016 08:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News:
Read more(Alliance News) - Metal Tiger PLC on Wednesday said its portfolio company Southern Gold Ltd has applied for new exploration licenses for two areas of prospective rare earth element mineralisation.
Read moreMetal Tiger PLC - investor in natural resources opportunities - Says it is in the best interest of the company and its shareholders to proceed with the cancelling of its shares trading on London's AIM market, without applying for admission of its shares to trading on the SFS or any other market in the UK. Will retain trading on the Australian Securities Exchange. Says this will result in the company having "greater flexibility" to manage its portfolio, allow it to implement its new investing policy and "better position it to pursue and achieve its investment objectives in the future by being able to trade in a more efficient manner".
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read moreMetal Tiger PLC - AIM-listed investor in natural resource opportunities - Sells 70,000 shares in Sandfire Resources Ltd at an average price of AUD6.24 per share, or about GBP3.58, raising gross proceeds of about AUD1.1 million. This amounts to about GBP631,132. Of the net proceeds, Metal Tiger says AUD283,000 will be applied to reducing the outstanding loan balance on the AUD15 million margin lending and drawdown facility. AUD772,000 proceeds will be used for working capital and other investment opportunities, Metal Tiger adds.
Read more(Sharecast News) - Metal Tiger has entered into a new AUD 15m (£8.32m) margin lending and drawdown facility, it announced on Wednesday, with a sub-fund of SC Lowy SI II (SG) VCC, which it would use for repaying the AUD 0.85m loan balance outstanding on its previous margin lending facility.
Read moreMetal Tiger PLC - AIM-listed investor in natural resource opportunities - Says Chief Investment Officer & Executive Director Mark Potter plans to step down in March, 2023. Potter was promoted to CIO in July 2018, after joining Metal Tiger in January 2017 as a non-executive director.
Read moreMetal Tiger PLC - AIM-listed investor in natural resource opportunities - Notes Cobre Ltd, in which it holds a stake of around 21%, appoints Adam Wooldridge as new chief executive officer, effective immediately. Adds that Wooldridge is a founding partner of Kalahari Metals Ltd, in which Metal Tiger held a big stake until the end of November, when it sold its interest to Cobre. Metal Tiger says Wooldridge is a geophysicist and geologist with over 25 years experience in Africa, the Middle East and Europe.
Read moreMetal Tiger PLC - AIM-listed investor in natural resource opportunities - Announces sale of 1.3 million shares in Sandfire Resources Ltd at AUD5.36 per share, raising approximately AUD6.9 million. Metal Tiger uses part of the proceeds to take up its pre-emptive rights in the retail component of Sandfire's entitlement offer, for an investment in 473,215 new shares at AUD4.3 per share worth AUD2.0 million. Metal Tiger says AUD1.0 million will be used for working capital, while the remaining AUD3.9 million will be used to reduce the outstanding loan balance to approximately AUD850,000.
Read moreMetal Tiger PLC - AIM-listed investor in natural resource opportunities - Says that Cobre Ltd has announced that assay results from discovery hole NCP20A at the Comet Target at the Ngami Copper Project in Botswana have returned significant, high-grade copper-silver results. Metal Tiger says this demonstrates the potential for economic grades in the district. Assay results confirm visual copper mineralisation estimates, with grades averaging 1.25% copper and 17 grams per tonne of silver.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
Read moreMetal Tiger PLC - Winchester, England-based investment company focused on natural resources sector - On Thursday says Armada Metals Ltd will start an airborne survey using the Mobile Magnetotellurics system at the Nyanga project in Gabon. Says the system will be used to "rapidly test potential concealed portions of the Libonga-Matchiti Trend and the highly prospective and untested Ngongo-Yoyo Trend".
Read more(Sharecast News) - Natural resources investor Metal Tiger has successfully been entered into the register of small registered UK alternative investment fund managers (AIFMs), it announced on Friday, with effect from 17 November.
Read moreMetal Tiger PLC - Winchester, England-based investment company focused on natural resources sector -
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