Metal 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.
Current stock price: 14.33 pence each, up 0.5% on Monday afternoon in London
12-month change: down 25%
By Xindi Wei, Alliance News reporter
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