On market purchase – Thor Mining
Metal Tiger plc
21 February 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
On market purchase – Thor Mining
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 on market, 8,250,000 shares in Thor Mining plc
(LON/ASX:THR “Thor”) at an average price of 3.35p per share.
Metal Tiger’s holding in Thor is 77,600,000 representing 12.02% of the
issued share capital in Thor.
For the year end 30 June 2017 Thor Mining plc reported an audited net
loss of £1,253,000 and as at 30 June 2017 had audited net assets of
£9,910,000.
For further information on the Company, visit:
www.metaltigerplc.com
:
| Michael McNeilly (Chief Executive Officer) |
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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
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| | |
Camarco
(Financial PR)
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| | | Tel: +44 (0)20 3757 4980 |
| Monique Perks |
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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.
Metal Tiger plc
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