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Metal Tiger to invest a further A$500,000 into Pan Asia Metals

PAM is targeting admission to the ASX in late September.

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR) has signed a binding commitment to invest A$500,000 as part of  Pan Asia Metals Limited’s (PAM) IPO on the Australian stock exchange.

The UK junior said it will acquire 2.5mln new shares at A$0.20 per share.

Metal Tiger’s holding will rise to 7.53% from 7.29% currently on the assumption that PAM raises a maximum A$6mln from the listing,  

PAM is targeting admission to the ASX in late September.

The company has four wholly-owned projects: Reung Kiet lithium project, KSTP, Bang Now lithium project, and the Minter tungsten project. RKLP, KSTP and BNLP are located in southern Thailand, whilst MTP is located in the Lachlan Fold Belt, New South Wales, Australia.

Quick facts: Metal Tiger PLC

Price: 25 GBX

AIM:MTR
Market: AIM
Market Cap: £38.31 m
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