27 Aug 2019 09:32
27 August 2019
Metal Tiger plc
("Metal Tiger" or the "Company")
Update on Term Sheet with Cobre Pty Ltd
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, further to Company’s announcement of 26 July 2019, Cobre Pty Ltd has agreed to extend the Company’s exclusivity period until the close of business on 30 August 2019, to allow the parties additional time to finalise the subscription agreement and for Metal Tiger to conclude its due diligence exercise.
Further announcement(s) will be made in due course.
For further information on the Company, visit: www.metaltigerplc.com:
| Enquiries: | |||||
| Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 7099 0738 | |||
| Mark Potter | (Chief Investment Officer) | ||||
| Richard Tulloch | Strand Hanson Limited | Tel: +44 (0)20 7409 3494 | |||
| James Dance | (Nominated Adviser) | ||||
| Jack Botros | |||||
| Nick Emerson | SI Capital Limited | Tel: +44 (0)1483 413 500 | |||
| (Joint Broker) | |||||
| Paul Shackleton | Arden Partners plc | Tel: +44 (0)20 7614 5900 | |||
| Steve Douglas | (Joint Broker) | ||||
| Gordon Poole | Camarco | Tel: +44 (0)20 3757 4980 | |||
| James Crothers | (Financial PR) | ||||
| Monique Perks |
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 base, precious and strategic metals focus.
The Company'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. The Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals. Metal Tiger has two investment divisions: Direct Equities and Direct Projects.
The Direct Equities division invests in undervalued natural resource companies listed on AIM, the ASX and the TSX, which includes its 10.48% interest in MOD Resources Limited ("MOD"). Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects division.
Metal Tiger's Direct Projects division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger, through its JV with MOD and its interest in Kalahari Metals Limited, 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 lead/zinc/silver mines as well as licences, applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
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