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Metal Tiger ups its stake in Southern Gold

Following this investment, Metal Tiger will own around 17.72% of Southern Gold’s issued share capital

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR) said it has spent around A$146,000 on increasing its stake in Southern Gold Limited to around 17.72%.

The investor in natural resources bought 1.23mln shares in the Aussie-listed gold explorer at an average price of around A$0.1193 a share.

Southern Gold has a substantial portfolio of high-grade gold projects in South Korea that are largely greenfield epithermal gold-silver targets in the south-west of the country, Metal Tiger told investors.

Michael McNeilly, Metal Tiger’s chief executive officer, is a non-executive director of Southern Gold.

Quick facts: Metal Tiger PLC

Price: 21.5 GBX

AIM:MTR
Market: AIM
Market Cap: £33.27 m
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