logo-loader
viewMetal Tiger PLC

Metal Tiger takes 6.3mln shares in Sandfire Resources after takeover deal finalised

Sandfire is acquiring all the issued shares of MOD Resources, which owns the T3 copper project in Botswana

Metal Tiger Plc -

Metal Tiger Plc (LON:MTR) confirmed it is to receive 6.3mln new shares in Sandfire Resources (ASX:SFR), after the approval of the takeover of MOD Resources Ltd.

The Supreme Court of Western Australia ratified the deal yesterday.

Sandfire is acquiring all the issued shares of MOD Resources at a ratio of 0.0664 Sandfire shares for each MOD share.

MOD, in which Metal Tiger holds a 19.9% interest, is the owner of the T3 copper project in Botswana.

Metal Tiger will also be granted its 2% net smelter royalty over the exploration joint venture area.

Quick facts: Metal Tiger PLC

Price: 1.32 GBX

AIM:MTR
Market: AIM
Market Cap: £20.17 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