KML Update11 Mar 2019 14:17
Kalahari Metals Limited Investment Update
March 11, 2019 10:12 AM Eastern Daylight Time
LONDON--(BUSINESS WIRE)--
Metal Tiger plc
("Metal Tiger" or the "Company")
Kalahari Metals Limited – Investment Update
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding Kalahari Metals Limited (“KML”).
Further to the Company’s announcements of 6 June 2018 and 31 October 2018, pursuant to the KML Investment Agreement, Metal Tiger has elected to exercise the Option to take its total shareholding in KML from 34% to 50% for a consideration of US$500,000.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“We are incredibly pleased with the work done to date by KML which has generated some compelling targets in the highly prospective Kalahari Copper Belt. As we now look to further de-risk the portfolio, we are in active discussions with the Board and shareholders of KML to determine the optimal path forward for financing drilling upon receipt of environmental permits.”
For further information on the Company, visit: www.metaltigerplc.com: