Metal Tiger plc Share Issue
16 November 2017 - 8:33PM
UK Regulatory
TIDMMTR
Metal Tiger plc (MTR)
16 November, 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Share Issue
Further to the announcement on 6 November 2017 of the issue of
new Metal Tiger shares in consideration for the termination of the
rights to the holders of 514,500 warrants ("Warrants") in KEMCO
Mining plc ("KEMCO"), the Company advises the issue of an
additional 256,735 new Metal Tiger shares in respect of 5,000 of
the Warrants.
The Company advises that the number of Warrants extended by
agreement to 28 February 2018 is 199,500 and not 204,500 as
originally stated in the 6 November 2017 RNS. Accordingly, the
total number of the Warrants converted is 315,000 and not 310,000
as originally advised.
The 5,000 Warrants have been converted pursuant to their
original terms at an issue price of 1.95p calculated at a 20%
discount to the 15-day VWAP post 13 October. The new Metal Tiger
shares are expected to commence trading on or around 21 November
2017.
Following this issue Metal Tiger has 1,042,236,379 issued
shares.
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)
LEI: 213800K1IN6M1VCVPA93
Classification: 3.1 Additional regulated information required to
be disclosed under the laws of a Member State.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20171116005589/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 16, 2017 04:33 ET (09:33 GMT)
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