METAL TIGER PLC: Investment in Mineros S.A.
22 November 2021 - 10:08PM
UK Regulatory
TIDMMTR
22 November 2021
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment in Mineros S.A.
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to note that
it has subscribed for 553,500 new common shares in the Canadian
(TSX) IPO of Bolsa de Valores de Colombia listed gold producer,
Mineros S.A. (TSX:MSA; BVC:MINEROS:CB) ("Mineros"), at an issue
price of C$1.1207 per common share for a total consideration of
approximately C$620,000 (c.GBP365,000), as part of Mineros' c.C$25m
Canadian offering and US$11.5m Colombian offering. Mineros' common
shares were admitted to trading on the TSX on Friday 19 November
2021.
Mineros is a Latin American gold mining company headquartered in
Medellin, Colombia. The Company has a diversified asset base, with
mines in Colombia, Nicaragua and Argentina and a pipeline of
development and exploration projects throughout the region.
For the interim six-month period ending 30 June 2021 Mineros
S.A. reported net assets of US$322,302,000 and net profits of
US$24,177,000.
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
Robert Collins (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
Rebecca Waterworth
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/20211122006122/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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