Metal Tiger plc Update on Sprott Private Placement Offering
April 18 2017 - 2:00AM
UK Regulatory
TIDMMTR
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Metal Tiger Plc
("Metal Tiger" or the "Company")
Update on Sprott Private Placement Offering
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that further to the announcements on the 28
and 29 March 2017 relating to the Sprott Private Placement
Offering, shareholders should note that Sprott and Metal Tiger have
mutually agreed to extend the Closing Date from the 17 April 2017
to the 20 April 2017.
Shareholders should note that the Offering is conditional on
certain conditions being met before the closing date of 20 April
2017. If these conditions are not met by the Closing Date, the
Offering may not occur and Metal Tiger may not raise the GBP4.29m.
The Closing Date may be changed upon mutual agreement of Sprott and
Metal Tiger.
A further announcement will be made in due course.
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)207099 0738
Director
& Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Neil Baldwin Limited 2033 683 555
(Nominated Adviser)
www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203 757 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
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 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/20170417005921/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 18, 2017 02:00 ET (06:00 GMT)
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