Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Metal Tiger increases stake in MOD Resources with latest investment

Metal Tiger invested A$705,000 in the recent share placing, and intends to invest a further A$370,713 via a rights issue
miners
After the placing, Metal Tiger retained a 5.86% interest in MOD Resources.

Metal Tiger PLC (LON:MTR) told investors that it has increased its stake in associate MOD Resources Ltd (ASX:MOD).

It confirmed that it had invested A$705,000, taking up 15mln new shares in a recent share placing.

READ: MOD Resources raising $18 mln for copper project in Botswana

As a result, Metal Tiger retains a 5.86% interest in MOD, and the company also noted that it intends to take up its full entitlement in MOD’s 16-1 rights issue (which would see it take up 7.88mln shares at a cost of A$370,713).

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

1511183786_Lithium-drill-core---Cinovec.jpg
November 20 2017
European Metals Holdings is rapidly moving forward with Europe's largest and most significant lithium project
no_picture_pai.jpg
July 10 2017
Find out more from Lithium Power International Ltd at the Proactive's CEO Sessions.
Royal Road Minerals' Nicaraguan ambitions starting to take shape
September 06 2017
Caza, which it has now bought, controlled land in the highly prospective but undeveloped gold belts of Nicaragua

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use