LONDON--(BUSINESS WIRE)--
3 February 2020
Metal Tiger Plc
(“Metal Tiger” or the “Company”)
Director’s Dealing
Metal Tiger plc (LON:MTR) announces that it has been notified that, on 28 January 2020, Black Star Gold Pty Ltd (“Black Star”) distributed 19,880,000 ordinary shares of 0.01p each in Metal Tiger (“Ordinary Shares”), being its entire holding in Metal Tiger, to its shareholders (the “Distribution”).
Black Star is a dormant, private Australian company, of which Terry Grammer, a Non-Executive Director of Metal Tiger, is a shareholder and director. Accordingly, Mr Grammer was transferred 3,000,000 Ordinary Shares pursuant to the Distribution for no consideration.
Following this share transfer, Mr Grammer is beneficially interested in 83,963,426 Ordinary Shares, representing approximately 5.52% of the Company’s issued share capital.
In addition, Mr Grammer is interested in the following options to subscribe for new Ordinary Shares:
No of Options |
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Exercise Price |
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Expiry Date |
2,000,000 |
3p |
18.02.20 |
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2,000,000 |
6p |
11.05.22 |
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2,000,000 |
3.5p |
20.07.23 |
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3,000,000 |
4.5p |
20.07.23 |
For further information on the Company, visit: www.metaltigerplc.com:
Michael McNeilly |
(Chief Executive Officer) |
Tel: +44 (0)20 7099 0738 |
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Mark Potter |
(Chief Investment Officer) |
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Richard Tulloch James Dance Jack Botros |
Strand Hanson Limited (Nominated Adviser) |
Tel +44 (0)20 7409 3494 |
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Paul Shackleton Steve Douglas |
Arden Partners plc (Broker) |
Tel: +44 (0)20 7614 5900 |
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Gordon Poole James Crothers Monique Perks |
Camarco (Financial PR) |
Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London Stock Exchange ("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. Metal Tiger has two investment divisions: Direct Equities and Direct Projects.
The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in Sandfire Resources NL (ASX:SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.
The Direct 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 through its interest in Kalahari Metals Limited. 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.