Investment in Artemis Resources Limited
(“Metal Tiger” or the “Company”)
(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 7,142,857 new ordinary shares in (“Artemis”) (the “Artemis Shares”) at a price of per share for an investment cost of (the “Investment”).
The Investment forms part of Artemis’ fundraise (the “Fundraise”) announced earlier today, further details of which can be found via the following link:
On completion of the Fundraise, Metal Tiger will be interested in 7,142,857 , representing approximately 0.6% of Artemis’s then enlarged issued share capital.
(ASX:ARV) natural resource exploration and development company with a current focus on the Paterson and gold projects in . , Director and Chief Investment Officer of Metal Tiger, is Non-Executive Chairman of Artemis. For the half year ended , Artemis reported net assets of and a net loss of .
, Chief Executive Officer of Metal Tiger, commented:
“We are pleased to make this investment in Artemis as it progresses its aggressive exploration plans at Paterson and . Following Metal Tiger’s successful investment in Greatland Gold in 2019, after the discovery of Havieron at Paterson, the Investment provides Metal Tiger with the opportunity to potentially benefit from further new gold discoveries in the highly prospective Paterson region of . In addition, Artemis has a pre-existing gold-copper-cobalt resource at and the Radio Hill processing plant, which has the potential to become a standalone mining operation in the future.”
This announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) (“MAR”).
For further information on the Company, visit:www.metaltigerplc.com
Notes to Editors:
is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.
invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.Equity Investments
is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in .Project Investments
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
(Chief Executive Officer)
Tel: +44 (0)20 7099 0738
(Chief Investment Officer)
Strand (Nominated Adviser)
Tel +44 (0)20 7409 3494
Arden Partners plc (Broker)
Tel: +44 (0)20 7614 5900
Camarco (Financial PR)
Tel: +44 (0)20 3757 4980
Quick facts: Metal Tiger PLC
Market Cap: £35.26 m
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...FOR OUR FULL DISCLAIMER CLICK HERE