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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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14 Nov 2016 11:09

Metal Tiger notes schedule-beating progress in Botswana

(ShareCast News) - Strategic natural resources investor Metal Tiger noted the MOD Resources announcement with regard to their joint venture at the Kalahari Copper Belt in Botswana on Monday. The AIM-traded firm has a 30% stake, alongside MOD's 70% stake in the project. MOD announced that it expects

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10 Nov 2016 09:47

Metal Tiger And Greatland Gold Agree Australian Co-Operation

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28 Oct 2016 14:20

Metal Tiger says testing for extensions underway in Botswana

(ShareCast News) - Investor in strategic natural resource opportunities Metal Tiger updated the market on Friday, with regard to the exploration programme at its joint venture project with partners MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said the potential for exte

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10 Oct 2016 08:35

Metal Tiger undergoes serious restructure, announces new CEO

(ShareCast News) - Strategic natural resource investing company Metal Tiger announced an update on Monday, over its strategic plans and an associated board restructuring. The AIM-traded firm said its core strategic plan is centred around the acquisition of high potential mineral exploration and deve

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10 Oct 2016 08:26

UPDATE: Metal Tiger Progresses Review, Looks At Cost Of T3 Discovery

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4 Oct 2016 10:35

Metal Tiger shares fall on Botswana test results

(ShareCast News) - Strategic natural resources investing company Metal Tiger updated the market on Tuesday, over the exploration programme at its joint venture project with MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said preliminary metallurgical testwork results had

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22 Sep 2016 09:57

Metal Tiger Ups Stake In "Oversold" Greatland Gold (ALLISS)

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24 Aug 2016 12:08

Metal Tiger increases shareholding in Red Rock Resources

(ShareCast News) - Mineral project investor Metal Tiger has increased its shareholding in gold and iron ore explorer Red Rock Resources in a bid to capitalise on the recovering resource sector. Metal Tiger agreed to pay £100,000 to subscribe for 25m of the total 75m new ordinary shares issued by

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22 Aug 2016 13:24

Metal Tiger notes intersections at Kalahari Copper Belt

(ShareCast News) - Metal Tiger said latest drill-programme results from its Kalahari Copper Belt joint venture in Botswana continue to show wide intersections of mineralisation, up to 42m in hole MO-G-28D. Chief executive Paul Johnston said that as the drilling element of the work was almost over, a

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17 Aug 2016 15:38

Metal Tiger raises £1.1m in placing and subscription

(ShareCast News) - Strategic natural resource investor Metal Tiger advised the market on Wednesday that it has raised £1.1m through a placing and subscription of shares. The AIM-traded company said the placing and subscription of 28,571,428 new ordinary shares in Metal Tiger was at a subscription pr

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15 Aug 2016 10:41

Metal Tiger posts promising copper data from Kalahari

(ShareCast News) - Strategic natural resource opportunities investor Metal Tiger updated the market on Monday, over the regional exploration results at its joint venture project with MOD Resources in Botswana's Kalahari Copper Belt. The AIM-traded firm said T2 - the first of the new copper anomalies

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12 Aug 2016 15:50

Metal Tiger reports return of 625% on MOD Resources

(ShareCast News) - Strategic natural resources investor Metal Tiger announced an update on its investment in MOD Resources on Friday. The AIM-traded company currently holds 67,833,333 shares in the ASX-listed MOD, valued at present at AUD 3.26m based on Friday's closing price in Sydney of AUD 0.048.

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19 Jul 2016 09:43

Metal Tiger Increases Stake In Joint Venture Partner MOD Resources

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13 Jul 2016 09:37

Metal Tiger Botswana copper venture increases in potential

(ShareCast News) - Metal Tiger said the potential for its Botswana joint venture to hold copper deposits had increased further after recent drilling tests. The company said soil sampling had found copper anomalies at several target areas. Metal Tiger chief executive Paul Johnson said the company's

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13 Jul 2016 09:22

Metal Tiger Says New Copper Targets Identified At Botswana Project

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