logo-loader
viewMetal Tiger PLC

Metal Tiger looks to acquire up to 50% of Botswanan focused Kalahari Metals

Michael McNeilly, chief executive of Metal Tiger PLC  (LON:MTR), discusses with Proactive the news they've signed a binding investment agreement to acquire up to 50% of Botswanan focused explorer Kalahari Metals Limited (KML) for a total consideration of US$1.6mln.

McNeilly says they've exercised the first option under the agreement and is to be issued 18% of the enlarged share capital of KML for a total consideration of US$600,000.

The company will also appoint two non-executive directors to the board of KML.

Quick facts: Metal Tiger PLC

Price: 1.275 GBX

AIM:MTR
Market: AIM
Market Cap: £19.41 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Metal Tiger PLC named herein, including the promotion by the Company of Metal Tiger PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme.  MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company. McNeilly also talks through its...

on 19/12/19

2 min read