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Metal Tiger rises on approval of ZimNRG purchase

Mon, 14th Mar 2016 12:57

(ShareCast News) - Metal Tiger shares were rising on Monday, as it was confirmed that its partial acquisition of ZimNRG had been approved by the latter firm's shareholders.The AIM-traded company said that, following approval by ZimNRG shareholders, Metal Tiger had invested £50,003 to acquire 19,027,268 ZimNRG shares, representing a 28.25% holding.It would be held in the Metal Tiger Asset Trading division.Metal Tiger said ZimNRG would now change its name to Metal NRG, and pursue business transactions in line with a new investing policy, which focused on the natural resources and energy sectors."We are delighted to see crystallisation of the ZimNRG transaction following shareholder approval," said Metal Tiger chief executive officer Paul Johnson."I have now joined the Board of ZimNRG to monitor and advance Metal Tiger's investment and look forward to working with the ZimNRG team to progress a number of new opportunities, some of which may emerge from Metal Tiger's pipeline of opportunities," he added.Johnson said Metal Tiger was building relationships with a number of AIM and ISDX companies to provide a number of avenues through which initiatives and opportunities could be channelled, with the ZimNRG transaction the first to be finalised in that regard."As Metal Tiger advances and grows, it is vital to focus the company in the optimal manner to build value for shareholders. Recently the company has made significant progress in its key strategic project investments including Botswana, Spain and Thailand," Johnson explained."The board therefore sees the need to focus the majority of our efforts on the strategic projects where there is potential for significant valuation uplift for shareholders."Johnson said that, by developing its external network through ISDX and AIM peers, Metal Tiger could ensure its focus was fixed on building its strategic project interests while otherwise crystallising near-term value and ongoing working capital from its pipeline of opportunities.At 1200 GMT, shares in Metal Tiger were up 23.21% to 1.72p.

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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

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

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

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

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

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

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

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

30 Dec 2016 07:39

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

13 Dec 2016 17:54

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

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

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

5 Dec 2016 09:31

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

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

28 Nov 2016 10:35

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