Metal Tiger Increases Stake In Botswana Project Partner MOD Resources

Wed, 20th Apr 2016 08:45

LONDON (Alliance News) - Resources investment company Metal Tiger PLC on Wednesday said it has increased it holding in MOD Resources, its Australian-listed partner on the Kalahari coper project in Botswana.

Metal Tiger has bought a further 3.3 million MOD shares through the placing MOD undertook on Wednesday. It spent AUD100,000 on the new shares.

Metal Tiger now owns 4.9% of MOD, which owns a 70% stake in the Kalahari project. The other 30% of the project is owned by Metal Tiger.

Shares in Metal Tiger were down 2.6% to 4.70 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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