Metal Tiger plc Director Warrant Conversion
11 October 2017 - 11:33PM
UK Regulatory
TIDMMTR
11 October 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director Warrant Conversion
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted
investor in strategic natural resource opportunities, is pleased to
announce the conversion of 30,000,000 1.6p warrants held by Terry
Grammer, Non-Executive Director of Metal Tiger.
Highlights:
-- Terry Grammer, Non-Executive Director, has invested GBP480,000 to
exercise the 30,000,000 warrants at 1.6p per warrant in Metal
Tiger
which will result in Terry Grammer being issued with
30,000,000
ordinary shares in the Company. Following this conversion and
the
issue of these shares Terry Grammer will be interested in
68,150,667
ordinary shares in the Company or 6.69% of the Company.
-- The Board expects that a majority of these new funds will be used to
explore investment opportunities outside of the Company's two
main
Direct Project investments in Thailand and Botswana.
The 30,000,000 new ordinary shares are expected to be admitted
to trading on or around 18 October 2017.
Following the issue of the new ordinary shares, the number of
ordinary shares in issue in the Company will increase to
1,018,628,768. For the purposes of the Financial Conduct
Authority's Disclosure and Transparency Rules ("DTRs"), the issued
ordinary share capital of Metal Tiger following this allotment
consists of 1,018,628,768 ordinary shares with voting rights
attached (one vote per share). There are no shares held in
treasury. This total voting rights figure may be used by
shareholders as the denominator for the calculation by which they
will determine whether they are required to notify their interest
in, or a change to their interest in, Metal Tiger under the
DTRs.
Michael McNeilly, Chief Executive Officer of Metal Tiger
commented:
"This is a strong sign of support from fellow director Terry
Grammer, Metal Tiger's second largest shareholder. With Terry
Grammer's investment, Metal Tiger will continue its strategy of
exploring further investment opportunities outside of its two main
Direct Project investments in Thailand and Botswana."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)20 7099 0738
Director
& Company Secretary)
Stephen Allen or RFC Ambrian Ltd Tel +44 (0)20 3440 6800
Bhavesh Patel (Nominated
Adviser)
Jonathan Williams RFC Ambrian Ltd Tel +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
(Joint Broker)
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
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
interests in two potentially near-production stage silver/lead/zinc
mines as well as 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 AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20171011005584/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 11, 2017 08:33 ET (12:33 GMT)
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