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Metal Tiger PLC raises funds as Botswana project continues to impress

Metal Tiger PLC (LON:MTR) has received a boost from the latest assay results from the company’s joint venture project with MOD Resources Ltd (ASX:MOD).

Chief executive Michael McNeilly tells Proactive the assay results from hole MO-A4-003D on the A4 Dome part of the project in the Kalahari copper belt in Botswana confirm an outstanding copper intersection.

McNeilly also discusses the decision to raise £3.45mln through a placing of shares and at least £1.15mln through an offering of shares to clients and affiliates of the Sprott Group of Companies.

Quick facts: Metal Tiger PLC

Price: 23 GBX

Market: AIM
Market Cap: £35.37 m

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