RE: COBRE INVESTMENT IN MTR :)27 Jul 2021 21:04
Mtr s Investment In Cobre ! Cobre Limited Equity Placing
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 8,311,765 new ordinary shares in ASX listed Cobre Limited (“Cobre”) at a price of AUD0.17 per share, for a total investment of approximately AUD1.413m, as part of Cobre’s AUD6.7m fundraise (the “Fundraise”) announced on 15 April 2021. This follow-on investment is subject to Cobre shareholder approval.
The funds raised by Cobre will be used primarily to finance exploration drilling activities for Kalahari Metals Limited (“KML”), the copper-silver exploration joint venture with Metal Tiger in the highly prospective Kalahari Copper Belt in Botswana.
Something Very Fishy Going On Imo