Sandfire Resources Update (ASX: SFR)
(“Metal Tiger” or the “Company”)
(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to provide an update in relation to its investment in (“Sandfire”).
Sandfire has today released its financial results for the year ended full and announced a dividend per Sandfire share.
Metal Tiger is currently interested in 6,296,990 Sandfire shares, representing approximately 3.5% of Sandfire’s issued share capital. As announced on , 2,609,887 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank (the “Umbrella Facility”).
Accordingly, assuming that Metal Tiger maintains its current interest in Sandfire as at the record date (), Metal Tiger will receive approximately (approximately £283k) on , being the dividend due in respect of the Sandfire shares not subject to the Umbrella Facility. The balance of the dividend, being approximately due in respect of the Sandfire shares the subject to the Umbrella Facility, will reduce the outstanding balance due pursuant to the Umbrella Facility from to .
Links to the Sandfire announcements released today are below:
Dividend/Distribution – SFR:
2020 Annual Financial Report and Appendix 4E:
2020 Full Financial Results Announcement:
2020 Full Year Financial Results Presentation:
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: £31.81 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