All conditions to the Transaction have now been satisfied, save for final receipt of the change in control approval from the Minister of Mineral, Energy and Water Resources of the
Metal Tiger currently has a 62.17% equity interest in
The first technical committee meeting has already been held and proposed drill targets and budgets have been prepared for consideration by KML joint venture committee. Metal Tiger will provide an update will be provided to shareholders once plans and budgets have been formally approved and drill contracts have been awarded. It is anticipated that this will happen imminently and both parties are using best efforts to ensure that closing matters and relevant transfers are done as quickly as possible to ensure that drilling can commence as soon as possible.
The Company notes
Contact:
Tel: +44 (0)20 7099 0738
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
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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