Morning all and looking back28 Apr 2020 08:58
Remembered this;
Mon, 2nd Sep 2019 09:43
LONDON--(BUSINESS WIRE)--
2 September 2019
Metal Tiger plc
("Metal Tiger" or the "Company")
Completion of Cobre Agreement & Perrinvale Operational Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, following its announcements of 26 July 2019 and 27 August 2019, the Company has entered into a binding subscription agreement (the “Subscription Agreement”) with Cobre Pty Ltd (“Cobre”), pursuant to which Metal Tiger will initially subscribe for 6,600,000 ordinary shares in Cobre for A$500,280, representing in aggregate approximately 15% of Cobre’s enlarged issued share capital (the “Initial Investment”).
Further to the Initial Investment, subject to the fulfilment of certain conditions Metal Tiger has agreed to invest a further A$2,000,000 for an aggregate 19.99% shareholding. Metal Tiger will also have a right to appoint a nominee director to the Board of Cobre as part of a future planned IPO on a recognised stock exchange, which is expected to conclude within 12 months. Further details on the Subscription Agreement are set out below.
IPO is only 4 months away all being well. I think that will be very exciting news for us genuine LTH”s.