15 February 2019
Metal Tiger Plc
("Metal Tiger" or the "Company")
Metal Tiger plc (LON:MTR) announces that, on 14 February 2019, Mark Potter, Chief Investment Officer and Director, purchased, on market, 300,000 ordinary shares of 0.01p each in the Company (“Ordinary Shares”) at an average price of 1.27 pence per share. Following this purchase, Mark Potter is interested in 6,300,000 Ordinary Shares, representing approximately 0.47% of the Company’s issued share capital.
In addition, Mark Potter is interested in the following options to subscribe for new Ordinary Shares:
|No of Options||Exercise price||Expiry Date|
For further information on the Company, visit: www.metaltigerplc.com:
|Michael McNeilly||(Chief Executive Officer)||Tel: +44 (0)20 7099 0738|
|Mark Potter||(Chief Investment Officer)|
|Strand Hanson Limited (Nominated Adviser)||Tel +44 (0)20 7409 3494|
|Nick Emerson||SI Capital (Broker)||Tel: +44 (0)1483 413 500|
|Camarco (Financial PR)||Tel: +44 (0)20 3757 4980|
|1||Details of the persons discharging managerial responsibilities|
|2||Reason for the notification|
|a)||Position/status||Director and Chief Investment Officer|
|b)||Initial notification /Amendment||Initial notification|
|3||Details of the issuer|
|a)||Name||Metal Tiger plc|
|4||Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted|
|a)||Description of the financial instrument, type of instrument||Ordinary Shares of 0.01p each|
|Identification code||ISIN for Ordinary Shares: GB0030493232|
|b)||Nature of the transaction||Purchase of shares|
|c)||Price(s) and volume(s)||
|e)||Date of the transaction||14 February 2019|
|f)||Place of the transaction||
Outside a trading venue.
AIM, London Stock Exchange
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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. 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 10.47% interest in MOD Resources Limited and related JV, 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.