Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, announces that the Company is intending to pursue a secondary listing on the official list of the Australian Stock Exchange (“ASX”).
Following positive preliminary feedback from the ASX, based on what the Board of Metal Tiger (the “Board”) considers to be a comprehensive submission, the Company is targeting admission to the ASX in Q4 2020 (“Admission”) as a listed investment company.
The Board believes that Admission will expand the profile of the Company and its shares, create improved price discovery in the shares, provide access to new potential investors, and improve deal flow in Australia.
Shareholders should note though that there is no guarantee that Metal Tiger will be admitted to the official list of the ASX and/or the time of such Admission
Further announcements will be made as appropriate.
Notes to Editors:
Metal Tiger plc 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.
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 Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.
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.
