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Metal Tiger founder to take over as Kolar Gold CEO

Tue, 12th Jul 2016 08:18

(ShareCast News) - Metal Tiger founder Cameron Parry is taking over the reins at Kolar Gold as the miner also announced it would spend £0.2m on a 9.4% stake in the India-based outfit.Metal Tiger said it was buying 18.2m shares in Kolar at a price of 1.1p each. It will also get the same number of warrants to buy new ordinary shares in the firm at an exercise price of 2.2p per new share exercisable at any time within 30 months of the placing shares being admitted to trading.In a third leg of the deal Metal said it had entered into an option agreement for a fee of $25,000 to buy a further 9m existing Kolar Gold shares from its current largest shareholder, at a price of 3.5p per share exercisable on or before 7 March 2017.Parry will step down from the Metal Tiger board to take up his new role at Kolar.The new board will start an immediate operational review covering existing exploration interests and various pipeline acquisition opportunities that may be suitable for its business.Metal Tiger chief executive Paul Johnson said: "We are delighted to announce the investment in Kolar Gold which exposes Metal Tiger shareholders to equity and warrant upside in a clean resource operating company at a modest valuation given the recent resource sector apathy in the markets."Kolar Gold reported a loss before tax of £1.254m for the year to June 30 2015 and unaudited net assets of £3.7m at Dec 31 2015, Metal Tiger said.
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15 May 2018 15:06

Metal Tiger Notes Start Of Drilling Campaign At T3 Dome Complex

LONDON (Alliance News) - Natural resources investor Metal Tiger PLC said on Tuesday the major drilling campaign at the T3 Dome complex in Kalahari copper belt in Botswana has started, following of

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19 Mar 2018 11:20

Metal Tiger Raises Stake In MOD Resources To 6% After Further Buy (ALLISS)

LONDON (Alliance News) - Natural resources investor Metal Tiger PLC said Thursday it invested a further GBP36,500 in joint venture partner MOD Resources Ltd in

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15 Mar 2018 13:18

Metal Tiger Raises Stake In MOD Resources To 6.0% In Further Buys (ALLISS)

LONDON (Alliance News) - Natural resources investor Metal Tiger PLC said Thursday it invested a further GBP86,400 in joint venture partner MOD Resources Ltd in

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12 Mar 2018 12:10

Metal Tiger Raises Stake In MOD Resources To 5.9% After Placing (ALLISS)

LONDON (Alliance News) - Natural resources investor Metal Tiger PLC said Monday it invested a further GBP611,000 in joint venture partner MOD Resources Tiger in

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17 Feb 2017 12:02

Metal Tiger confirms exciting new mineralisation zone in Botswana

(ShareCast News) - Shares in Metal Tiger are down more than 16% despite it confirming the discovery of an "exciting new zone of mineralisation" beneath the T3 Resource, in Botswana's Kalahari Copper Belt. "We think that this new discovery has the potential to significantly improve the dynamics and e

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10 Feb 2017 08:51

Metal Tiger continues building Thai joint venture

(ShareCast News) - Natural resources investing company Metal Tiger updated the market on progress at its Thailand joint venture on Friday, saying the mine plan was "substantially complete", and the update of the Resource was progressing at pace with the team working to a tight deadline. The AIM-trad

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10 Jan 2017 15:36

Metal Tiger upbeat on progress in Botswana

(ShareCast News) - Strategic natural resource investor Metal Tiger updated the market on Tuesday, on its joint venture project with ASX-traded partners MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said the T3 deposit pre-feasibility study work had started, with drilling

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5 Jan 2017 08:01

Metal Tiger appoints Alastair Middleton to chief technical role

(ShareCast News) - Natural resources investing company Metal Tiger announced the appointment of Alastair Middleton as its technical director on Thursday, with immediate effect. The AIM-traded firm described him as a mining industry executive with more than 27 years of international experience in b

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30 Dec 2016 07:39

Metal Tiger Issues 7.5 Million Shares For Professional Services (ALLISS)

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13 Dec 2016 17:54

Metal Tiger Raises GBP1.6 Million In Share Placing And Subscription (ALLISS)

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12 Dec 2016 08:28

Metal Tiger upbeat on progress at Logrosan venture

(ShareCast News) - Natural resources investing company Metal Tiger provided an update on the drilling and exploration progress at the Logrosan Minerals joint venture in Extremadura, Spain on Monday. The AIM-traded firm said the Logrosan Minerals venture was targeting gold and antimony at the Maria P

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9 Dec 2016 08:42

Metal Tiger increases license area over Kalahari Copper Belt

(ShareCast News) - Metal Tiger (MTR), an AIM listed investor in strategic natural resource opportunities has secured 10 license extensions and acquired two new concessions for its joint venture (JV) project with MOD Resources in the Kalahari Copper Belt in Botswana. Two-year licence extensions ha

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5 Dec 2016 09:31

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

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28 Nov 2016 12:05

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

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28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

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