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Metal Tiger’s Johnson says latest fundraise will prove valuable

Paul Johnson, the executive director of Metal Tiger (LON:MTR), says the investment vehicle’s new funds will stretch far in the current commodity environment.

Earlier this week, the company raised £300,000 to take advantage of opportunities in the cash-strapped natural resources sector.

“This amount of money, combined with our previous fundraisings and gains from our direct equity portfolio make a real difference," he told Proactive. 

“We want to build diverse portfolio of attractive assets as quickly as possible ready for upturn in sector.”

The company currently has investments in Kibo Mining (LON:KIBO), Eurasia Mining (LON:EUA) and Ariana Resources (LON:AAU).

Quick facts: Metal Tiger PLC

Price: 1.15 GBX

AIM:MTR
Market: AIM
Market Cap: £17.5 m
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