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16 Nov 2017 09:33
Metal Tiger plc (MTR)
16 November, 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Share Issue
Further to the announcement on 6 November 2017 of the issue of new Metal Tiger shares in consideration for the termination of the rights to the holders of 514,500 warrants (“Warrants”) in KEMCO Mining plc (“KEMCO”), the Company advises the issue of an additional 256,735 new Metal Tiger shares in respect of 5,000 of the Warrants.
The Company advises that the number of Warrants extended by agreement to 28 February 2018 is 199,500 and not 204,500 as originally stated in the 6 November 2017 RNS. Accordingly, the total number of the Warrants converted is 315,000 and not 310,000 as originally advised.
The 5,000 Warrants have been converted pursuant to their original terms at an issue price of 1.95p calculated at a 20% discount to the 15-day VWAP post 13 October. The new Metal Tiger shares are expected to commence trading on or around 21 November 2017.
Following this issue Metal Tiger has 1,042,236,379 issued shares.
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 |
LEI: 213800K1IN6M1VCVPA93
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171116005589/en/
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