LONDON--(BUSINESS WIRE)--
Metal Tiger Plc
30 November 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Update on Botswanan Joint Venture Partner
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources, the 70% owner of Metal Tiger’s Joint Venture in Botswana has today entered into a Trading Halt Session, pending the release of an announcement. Metal Tiger notes that MOD’s securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 2, December 2016 or when the announcement is released to the market.
A copy of the announcement released today by MOD Resources can be found at the following link:
http://www.asx.com.au/asxpdf/20161130/pdf/43dbvd22yh11hq.pdf
For further information on the Company, visit: www.metaltigerplc.com:
| Alex Borrelli (Chief Executive Officer) | Tel: +44 (0)7747 020600 | ||||
| Terry Grammer (Non- Executive Chairman) | Tel: +44 (0)207 099 0738 | ||||
|
Sean Wyndham-Quin
Neil Baldwin Nick Emerson Andy Thacker |
Spark Advisory Partners Limited
(Nominated Adviser) SI Capital (Sole Broker) |
Tel: +44 (0) 2033 683 555
Tel: +44 (0) 1483 413 500 |
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 Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over 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 ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company’s project based activities.
Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.