RE: MTR the place to be6 Sep 2018 10:32
I like the fact directors hold decent size and also participated in placing at 2.80p
“Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that the directors of Metal Tiger will be participating for a total of GBP66,000 in the placing announced in the RNS of 6 August 2018 (the "Placing"), taking the total gross proceeds raised for the company by the Placing to circa GBP3.516m. Charles Hall, Non-Executive Chairman, will be subscribing for GBP56,000 and Michael McNeilly, Chief Executive Officer, for GBP10,000.
Further to the director's participation, the company will issue 2,357,142 new ordinary shares in Metal Tiger at a placing price of 2.8p per ordinary share and 2,357,142 warrants to subscribe for 2,357,142 new ordinary shares in Metal Tiger at an exercise price of 5p per warrant, within a 3 year exercise period.