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Metal Tiger notes Southern Gold deal with drilling company

Metal Tiger has a diverse portfolio of mining investment assets

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR) has noted that Southern Gold Ltd, a company in it owns an approximate 17.1% equity interest has published an update with regard to it entering into a strategic partnership agreement with Ausino Drilling Services Pty Ltd in support of the delivery of mineral exploration drilling services in South Korea.

Highlights of Southern Gold’s announcement include a legal agreement executed to support the provision of drilling services on the company’s South Korean assets to the value of US$4.4mln and the issue of A$1.1mln worth of Southern Gold shares as incentives to meet certain targets.

Metal Tiger’s shares were up just over 4%, after it also released news about two other investee companies, Cobre Ltd and Kalahari Minerals.

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Price: 22.75 GBX

AIM:MTR
Market: AIM
Market Cap: £34.88 m
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Metal Tiger PLC is well funded with interesting projects and looking for more

Metal Tiger Plc (LON-MTR) CEO Michael McNeilly and Director Terry Grammer sat down with Steve Darling from Proactive Vancouver to discuss their portfolio of resource investments.  The London-based team also talked about their current trip to Canada and the possibility of adding more...

on 31/7/19

2 min read