---
title: "Metal Tiger plc (AIM:MTR) MOD Resources Investment Update"
publisher: "Share Talk"
author: "sharetalk"
published: "2017-08-29T15:28:04+00:00"
modified: "2017-08-30T08:23:06+00:00"
date: 2017-08-29
canonical: "https://www.share-talk.com/metal-tiger-plc-aimmtr-mod-resources-investment-update/"
category: "Mining"
categories: ["Mining"]
tags: ["MTR"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Metal Tiger plc (AIM:MTR) MOD Resources Investment Update

**Published:** August 29, 2017
**Author:** sharetalk
**Categories:** Mining
**Tags:** MTR
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

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![](https://www.share-talk.com/wp-content/uploads/2017/06/Metal-Tiger-logo-300x131.png)

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce an additional investment in MOD Resources (ASX:MOD), taking the Company’s shareholding to over 5 per cent.

In a share purchase completed today, the Company, which previously held 91,795,214 MOD Resources shares valued at A$5,599,508 (circa £3,444,791) at today’s ASX closing price of A$0.061 as well as 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19), has made an additional investment for 3,748,720 MOD Resources shares at a price of A$0.06157. Following the share purchase the Company now holds 5.049 per cent. of MOD Resources.

MOD Resources reported audited net assets of A$18,407,416 and audited net loss of A$1,920,772 for the year ended 31.12.16.

***Michael McNeilly Chief Executive Officer of Metal Tiger commented***: “We are pleased to announce the increasing investment by the Company in MOD Resources which takes us to over the 5% reportable threshold for the ASX market and reaffirms our confidence in the potential of the T3 Botswana asset.”

**For further information on the Company, visit: **[www.metaltigerplc.com](http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.metaltigerplc.com%2F&esheet=51675582&newsitemid=20170829005831&lan=en-US&anchor=www.metaltigerplc.com&index=1&md5=326c647a0b8346489c77e24e3724c1ad)**:**

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