METAL TIGER PLC: Investment in Pan Global Resources Inc. (TSXV:PGZ)
09 June 2021 - 4:22PM
UK Regulatory
TIDMMTR
9 June 2021
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment in Pan Global Resources Inc. (TSXV:PGZ)
Metal Tiger plc (AIM: MTR), the AIM and ASX listed investor in
natural resource opportunities, is pleased to announce that it has
subscribed for 750,000 shares in Pan Global Resources Inc. ("Pan
Global"), at a price of C$0.60 per share, for a total investment of
circa C$450,000 (approximately GBP264,000) as part of Pan Global's
C$14.95 million fundraise announced on 8 June 2021 (the
"Fundraise"). There was strong demand for the Fundraise.
Following completion of the Fundraise, Metal Tiger will hold
1,176,944 shares in Pan Global, representing approximately 0.64% of
the enlarged share capital following the Fundraise. In addition,
Metal Tiger currently holds 694,444 warrants in Pan Global
exercisable at a price of C$0.28.
The closing mid-price of Pan Global on 8 June 2021 was
C$0.77.
Pan Global Resources Inc is a TSXV listed precious and base
metals explorer in Southern Spain. Pan Global's main project of
interest is the Escacena Project located within the highly
prospective Iberian Pyrite Belt. The Iberian Pyrite Belt is
believed to be one of the most prolific volcanic-hosted massive
sulphide district in the World, with more than 80 known deposits
mined for pyrite, copper, zinc, gold, silver and tin, including
eight giant deposits with greater than 100 million tonnes of
massive sulphide.
For the quarter ending 30 October 2020, Pan Global reported a
net loss of circa C$1.1 million and net assets of circa C$5.5
million.
For further information on the Company, visit:
www.metaltigerplc.com
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 3287 5349
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
Georgia Langoulant (Nominated Adviser)
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") and the ASX Market of the
Australian Securities Exchange Market ("ASX") 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: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (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 for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210608006214/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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