Metal Tiger plc Additional Investment - Greatland Gold
22 September 2016 - 4:00PM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
ADDITIONAL INVESTMENT - GREATLAND GOLD
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce an additional investment in Greatland Gold plc ("Greatland
Gold")(AIM:GGP).
Metal Tiger today purchased a further 6 million shares in
Greatland Gold at 0.174p per share and increased its shareholding
to 156 million shares, representing 9.56% of Greatland Gold's
issued share capital.
Paul Johnson, Chief Executive Officer of Metal Tiger commented
"Metal Tiger has noted the decline in share price of Greatland Gold
and reflecting what we consider to be an oversold situation have
increased our position accordingly.
We consider Greatland Gold to have multiple opportunities for
considerable value generation for shareholders both in respect of
existing projects and any new ventures with which the company may
seek to engage.
The recent decline in share price represents for us a buying
opportunity. We intend to capitalise on market price reactions of
this nature, enabling us to build positions in undervalued resource
companies when the market chooses to offer lower entry prices."
Greatland Gold plc reported an audited loss of GBP1,168,716 for
the year ended 30.06.15 and unaudited net assets of GBP705,068 at
31.12.15.
For further information on the Company, visit:
www.metaltigerplc.com:
Paul Johnson (Chief Tel: +44 (0)7766 465 617
Executive Officer)
Terry Grammer (Non- Tel: +44 (0)207 099 0738
Executive
Chairman)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Neil Baldwin Limited 2033 683 555
Nick Emerson (Nominated Adviser) www.sparkadvisorypartners.com
Andy Thacker SI Capital Tel: +44 (0)
(Sole Broker) 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.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20160921006527/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
September 22, 2016 02:00 ET (06:00 GMT)
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