leadf
logo-loader
viewMetal Tiger PLC

Metal Tiger notes deadline extension for Cobre’s KML transaction

The transaction is due to complete in December as the due diligence period has been extended

Metal Tiger PLC - Metal Tiger notes deadline extension for Cobre’s KML transaction

Metal Tiger PLC (LON:MTR) told investors it has extended the deadline for closing its transaction with partner and associate Cobre for the Kalahari Metals venture.

Presently, Metal Tiger owns a 62.17% interest in Kalahari Metals Limited (KML) and owns an 18.79% shareholding in Cobre.

READ: Metal Tiger continues to spotlight Botswana potential

Cobre is set to acquire 51% of KML and the deadline for the transactions has been moved to December 20, 2020, to allow for the completion of due diligence.

As a result of transactions currently in process, it will own 20.72% of Cobre and have a 59.57% economic interest in KML – 49% direct and 10.57% via its stake in Cobre.

Quick facts: Metal Tiger PLC

Price: 22.1 GBX

AIM:MTR
Market: AIM
Market Cap: £334.27 k
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

Morning report: FTSE falls as traders get back to their desks

The FTSE is lower after a long weekend despite UK factory output rising by the fastest pace in more than six years, albeit from a low level as businesses begin to get back to work.  Movers and shakers include AstraZeneca (LON:AZN) which has received EU approval for Imfinzi which is to...

on 1/9/20

2 min read