22 Dec 2017 09:16
22 December 2017
Metal Tiger Plc ("Metal Tiger" or the "Company")
Extension of Warrant Period
Metal Tiger (LON: MTR) is pleased to announce that the Board has agreed to extend the expiry date of the 2,000,000 2p warrants granted to Charles Hall (Non-Executive Chairman) on 29th December 2016 (the “2p Warrants”), granted to him as part of the placing announced on 13 December 2016 and which are due to expire on 29th December 2017.
This extension is due the terms of Metal Tiger’s Share Dealing Code which prohibits Directors dealing in the Company’s securities during a prohibited period.
The Board has agreed to extend the expiry date of the Charles Hall’s 2p Warrants by 1 month until the 29th January 2018 and may consider extending the warrants further until such time as the Company is no longer in a prohibited period.
Charles Hall is directly interested in 26,858,406 ordinary shares in MTR representing 2.53% of the total issued share capital of the Company. Charles continues to hold the following options and warrants:
| Number of Options | Exercise Price | Expiry Date | ||
| 3,000,000 6,000,000 | 3p 6p | 18.1.2020 11.05.2022 |
For further information on the Company, visit: www.metaltigerplc.com :
| Michael McNeilly (Chief Executive Officer) | Tel: +44(0)20 7099 0738 | |||||||
| Keith Springall (Finance Director & Company Secretary) | Tel: +44 (0)20 7099 0738 | |||||||
| Stephen Allen or Bhavesh Patel | RFC Ambrian Ltd (Nominated Adviser) | Tel +44 (0)20 3440 6800 | ||||||
| Jonathan Williams | RFC Ambrian Ltd (Joint Broker) | Tel +44 (0)20 3440 6800 | ||||||
| Nick Emerson | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | ||||||
| Gordon Poole James Crothers | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.
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