METAL TIGER PLC: Margin Lending Facility Update
2022年9月29日 - 9:10PM
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")
Margin Lending Facility Update
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed
investor in natural resource opportunities, announces that, further
to its announcements of 5 October 2021, 21 June 2022, and 24 June
2022, Metal Tiger has opted to extend the Margin Lending Facility
for an additional 12 months (to 4 October 2023) for a fee of
A$83,035.
The Company has settled the outstanding interest payments to 4
October 2022 to the amount of A$250,566. Furthermore, partially
using the proceeds of the recent Cobre Limited disposal, as
announced on 29 September 2022 earlier today, the Margin Lending
Facility loan balance outstanding has been reduced to approximately
A$4,682,000 (with no interest yet having accrued under the renewed
facility).
The Margin Lending Facility agreement with a nominee of SC Lowy
Primary Investments Ltd, is secured against Metal Tiger's shares
held in Sandfire Resources Limited ("Sandfire"), held under a
tripartite sponsorship deed with an Australian broker.
Metal Tiger is interested in 7,036,953 Sandfire Shares
representing approximately 1.72% of Sandfire's issued share
capital. As previously announced, 2,842,667 of the Sandfire Shares
held by the Company are subject to an equity derivative financing
arrangement with a global investment bank.
For the year ended 30 June 2022, Sandfire reported net profit of
US$109.4m. As at 30 June 2022, Sandfire reported net assets of
US$1,665m.
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.
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/20220929005522/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2022
(END) Dow Jones Newswires
September 29, 2022 08:10 ET (12:10 GMT)
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