METAL TIGER PLC: Cobre Limited -- Partial Disposal of Shares
2022年9月29日 - 6:18PM
RNSを含む英国規制内ニュース (英語)
TIDMMTR
29 September 2022
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre Limited -- Partial Disposal of Shares
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, is pleased to announce
that is has disposed of 8,817,374 shares of Cobre Limited ("Cobre")
at an average price of A$0.1486 per Cobre share, raising
approximately A$1,310,562 of cash proceeds.
The Board of Metal Tiger made the decision to undertake this
partial disposal in order to provide the Company with additional
cash resources during this period of market volatility.
Following the disposal of these Cobre shares, Metal Tiger is
currently interested in 25,946,722 Cobre shares, representing
approximately 12.7% of Cobre's issued share capital.
Following completion of the fundraise announced on 4 August
2022, Metal Tiger will hold 35,754,798 ordinary shares in Cobre
representing approximately 16.7% of Cobre's enlarged issued share
capital. Metal Tiger's investment will be subject to Cobre
shareholder approval at an upcoming general meeting.
Mark Potter, Chief Investment Officer of Metal Tiger,
commented:
"We are pleased with the progress made by Cobre over the last
few weeks and continue to follow their exploration drilling
campaign with great interest. Given volatile equity market
conditions, the Board of Metal Tiger (excluding Michael McNeilly)
decided to partially sell down some of its Cobre shareholding to
increase the Company's cash balances, but we intend to continue to
hold a significant shareholding in Cobre to provide Metal Tiger
shareholders with continued exposure to any future exploration
success."
For further information on the Company, visit:
https://www.metaltigerplc.com/
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
James Harris (Nominated Adviser)
Robert Collins
Simon Johnson 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/20220929005419/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
(END) Dow Jones Newswires
September 29, 2022 05:18 ET (09:18 GMT)
Metal Tiger (LSE:MTR)
過去 株価チャート
から 3 2024 まで 4 2024
Metal Tiger (LSE:MTR)
過去 株価チャート
から 4 2023 まで 4 2024