Investment in Pan Global Resources Inc. (TSXV:PGZ)
("Metal Tiger" or the "Company")
Investment in (TSXV:PGZ)
(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 1,388,888 units in (“Pan Global”), at a price of per unit, for a total investment of circa (approximately £146,000) as part of Pan Global’s circa fundraise announced on (the “Fundraise”). Each unit consists of one common share in Pan Global and one-half of one common share purchase warrant exercisable at a price of for a period of 24 months following the closing date of the Fundraise (being ).
The closing mid-price of Pan Global on was .
Pan Global is a TSXV listed base metals explorer in , with two projects, the and the . The main project of interest is the located within the highly prospective Iberian Pyrite Belt. The Iberian Pyrite Belt is believed to be one of the most prolific volcanic-hosted massive sulphide district in the World, with more than 80 known deposits mined for pyrite, copper, zinc, gold, silver and tin, including eight giant deposits with greater than 100 million tonnes of massive sulphide. For the financial year ending , Pan Global reported a net loss of circa and net assets of circa .
See below link for Pan Global’s latest announcement extending copper mineralisation at the :
For further information on the Company, visit:www.metaltigerplc.com
Notes to Editors:
is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") 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.
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 (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.Equity Investments
is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in .Project Investments
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.
(Chief Executive Officer)
Tel: +44 (0)20 7099 0738
(Chief Investment Officer)
Strand (Nominated Adviser)
Tel +44 (0)20 7409 3494
Arden Partners plc (Broker)
Tel: +44 (0)20 7614 5900
Camarco (Financial PR)
Tel: +44 (0)20 3757 4980
Quick facts: Metal Tiger PLC
Market Cap: £38.31 m
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