Southern Gold Update
(“Metal Tiger” or the “Company”)
Southern Gold Update
(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, notes Southern Gold Limited (“Southern Gold”), in which Metal Tiger owns an approximate 17.1% equity interest, has published an update with regard to it entering into a strategic partnership agreement with (“ADS”) in support of the delivery of mineral exploration drilling services in .
Highlights of Southern Gold’s announcement include:
Southern Gold’s full announcement can be found here:
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.
- Legal agreement executed to support the provision of drilling services into to the value of ;
South Korea US$4.4 million
- Subject to Southern Gold shareholder approval, ADS to be issued 10,000,000 performance rights at per right (/share equivalent) for ; and
US$0.11 A$0.155 US$1.1 million
- Performance rights will vest when offset against 25% of the value of invoices as they are presented by ADS on provision of the services.
(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: £31.81 m
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