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: 21.41 GBX

Market: AIM
Market Cap: £32.81 m

Add related topics to MyProactive

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


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...



Thor Mining to acquire uranium and vanadium assets in US

Thor Mining PLC's (LON:THR)(ASX:THR) Mick Billing speaks to Proactive London's Andrew Scott after entering into an exclusive option to acquire 100% of the shares in American Vanadium Pty Ltd, a private Australian company, with interests in uranium and vanadium. Thor's also raising A$970,000 to...

on 1/6/20

2 min read