logo-loader
viewMetal Tiger PLC

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: 1.584 GBX

AIM:MTR
Market: AIM
Market Cap: £24.11 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