Metal Tiger PLC - Investment in Los Cerros
("Metal Tiger" or the "Company")
Investment in Los Cerros (ASX:LCL)
Following completion of the Fundraise, Metal Tiger's holdings in Los Cerros will consist of 3.9 million shares representing approximately 0.9% of Los Cerros' then issued share capital, and 1.25 million warrants exercisable at
Los Cerros is an ASX listed gold explorer in
The Miraflores project has a JORC Code compliant measured and indicated resource of 9.27MT @ 2.82 g/t Au and 2.77 g/t Ag for 840koz gold and 826koz silver, with scope to increase the size and grade of the resource through additional exploration drilling during Q4 2020. In addition, recent drilling at the Tesorito project has identified a new porphyry target with intersections including 230m @ 1.0 g/t Au, with higher grade gold from surface.
For the year ended
Los Cerros' announcement in respect of the Fundraise can be viewed via the link below:
For further information on the Company, visit: www.metaltigerplc.com
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(Chief Executive Officer)
Tel: +44 (0)20 7099 0738
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(Chief Investment Officer)
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Tel +44 (0)20 7409 3494
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Arden Partners plc (Broker)
Tel: +44 (0)20 7614 5900
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Camarco (Financial PR)
Tel: +44 (0)20 3757 4980
Notes to Editors:
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.
Equity 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 Sandfire Resources Limited (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.
Project Investments is focused on the development of its key project interests in
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.
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Quick facts: Metal Tiger PLC
Market Cap: £31.81 m
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