MTR.L Regulatory News (MTR)

Metal Tiger Plc

23 April 2015

Metal Tiger Plc

("Metal Tiger" or the "Company")

Financing Update

Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that the Company has raised £175,000 through a strategic placing and subscription of shares in the Company.

Highlights:

· Placing and subscription of 19,999,996 new ordinary shares in Metal Tiger at a subscription price of 0.875p per ordinary share raising gross proceeds of £175,000;

· Placing and subscription undertaken at the market mid-price of Metal Tiger at the point the transaction was agreed;

· Issue of 19,999,996 warrants to subscribe for 19,999,996 new ordinary shares in Metal Tiger at an exercise price of 1.75p per warrant, within a one year exercise period (i.e. one warrant at 1.75p for each ordinary share purchased at 0.875p);

· Placing undertaken with high net worth individual investors who expressed an interest in directly supporting Company activities;

· Additional funds enable a further expansion of the Company's investing activities, including an acceleration of Direct Project ground operations.

Cameron Parry, Metal Tiger CEO commented: "Metal Tiger is in the fortunate position of having a material amount of working capital with which to pursue its investing activities through both its Direct Equities and Direct Projects divisions. As announced previously (23 March 2015) the Company has, through its Direct Equities division, generated sufficient working capital to be currently self-financing given planned investments and operations.

The Company was however approached by a group of investors who were interested in Metal Tiger's value proposition and wishing to directly support the Company with further funding. The Board considered that it would be beneficial to add these investors to the Company's share register and that, subject to acceptable terms, the additional funding would enable Metal Tiger to expand and accelerate its plans.

As a result we have agreed a placing at the mid-price at the time the transaction was agreed, and structured this in a similar manner to which Metal Tiger has itself invested in other AIM companies, namely with a share and warrant (at twice the original share subscription price) package.

Metal Tiger is delighted that in an environment where share placings are commonly undertaken at a considerable discount to the prevailing market price, we have been able to secure funding at the market price. We trust this demonstrates the Board's resolve to protect the interests of existing Metal Tiger shareholders whilst rapidly growing the Company. Furthermore this placement demonstrates the confidence from the new investors in the potential of Metal Tiger's strategic plan.

Metal Tiger is now working on a number of additional initiatives in the Direct Equities and Direct Projects divisions to apply this further funding, and where possible additional information will be provided to market promptly in respect of this."

Placing and Subscription Summary

Metal Tiger has agreed a placing and subscription to raise £175,000 gross proceeds through the issue of 19,999,996 Metal Tiger new ordinary shares at price per share of 0.875p (the "Placing Shares").

Each Placing Share issued has an accompanying warrant to subscribe for an additional Metal Tiger new ordinary share at a price of 1.75p at any time within the 12 months following admission to trading of the Placing Shares (a total of 19,999,996 warrants).

The 19,999,996 Placing Shares are expected to be admitted to trading on or around 28 April 2015. Following the issue of the Placing Shares, the number of ordinary shares in issue in the Company will increase to 270,372,462. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 270,372,462 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.

For further information on the Company, visit: www.metaltigerplc.com:

Notes to Editors:

Metal Tiger Plc is a natural resources focused investing company quoted on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and two investment divisions, Direct Equities and Direct Projects.

The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants providing a potential non-debt financing instrument and enhanced return potential.

The Direct Projects division invests in operational mineral exploration projects with current investments in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium. The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners.

Metal Tiger's target is to deliver a 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.