Metal Tiger invested A$705,000 in the recent share placing, and intends to invest a further A$370,713 via a rights issue
PLC () told investors that it has increased its stake in associate Ltd ().
It confirmed that it had invested A$705,000, taking up 15mln new shares in a recent share placing.
As a result, 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).
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