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Metal Tiger plc (MTR)


Tuesday 27 February, 2018

Metal Tiger plc

Investment in Connemara

Investment in Connemara

Metal Tiger plc

27 February 2018

Metal Tiger Plc

("Metal Tiger" or the "Company")

Investment in Connemara

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has purchased, via participation in a private placing, 4,819,227 shares in Connemara Mining Company plc (LON:CON, “Connemara”) at a price of 4.15p per share. Each placing share has a one-for-one warrant to subscribe for new ordinary shares at 7p per share with a two year exercise life (the “7p Warrants”) meaning following completion of the placing MTR will be interested in 4,819,227 7p Warrants. Should however the share price of Connemara exceed a 20 (twenty) pence volume weighted average share price for five consecutive trading days, then Connemara has the right to accelerate warrant conversion.

Following completion of the placing, Metal Tiger’s holding in Connemara will be 4,819,227 shares representing 4.23% of the issued share capital in Connemara.

For the year end 31 December 2016 Connemara reported an audited net loss of €195,584 and as at 31 December 2016 had audited net assets of €2,432,620.

For further information on the Company, visit: :

Michael McNeilly (Chief Executive Officer)             Tel: +44(0)20 7099 0738
Keith Springall (Finance Director & Company Secretary) Tel: +44 (0)20 7099 0738
Stephen Allen or Bhavesh Patel RFC Ambrian Ltd (Nominated Adviser) Tel +44 (0)20 3440 6800
Jonathan Williams RFC Ambrian Ltd

(Joint Broker)

Tel +44 (0)20 3440 6800
Nick Emerson SI Capital

(Joint Broker)

Tel: +44 (0)1483 413 500
Gordon Poole

James Crothers
Monique Perks


(Financial PR)

Tel: +44 (0)20 3757 4980

Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.

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