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viewMetal Tiger PLC

Investment in Southern Gold (ASX:SAU)

--(BUSINESS WIRE)--LONDON

 

Metal Tiger Plc

("Metal Tiger" or the "Company")

Investment in Southern Gold (ASX:SAU)

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has purchased 1,225,000 shares in ASX listed Southern Gold Limited (ASX:SAU) (“Southern Gold”), at an average price (before costs) of approximately per share, for a total consideration of approximately .A$0.1193A$146k

Following this investment, Metal Tiger will be interested in 37,794,000 Southern Gold shares, representing approximately 17.72% of the company’s issued share capital, and 7,284,500 2-year warrants.A$0.18

Southern Gold is a successful gold explorer listed on the Australian Securities Exchange. Southern Gold owns 100% of a substantial portfolio of high-grade gold projects in that are largely greenfield epithermal gold-silver targets in the south-west of the country. Backed by a first-class technical team, Southern Gold’s aim is to find tier one epithermal gold-silver deposits in a jurisdiction that has seen very little modern exploration. For the year ended , Southern Gold reported a loss before tax of and net assets of . , Metal Tiger’s Chief Executive Officer, is a non-executive director of Southern Gold.South Korea30 June 2020A$4.17 millionA$10.53 millionMichael McNeilly

For further information on the Company, visit::www.metaltigerplc.com

Enquiries:

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.

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.Equity Investments

is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.Project InvestmentsBotswana

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.

Metal Tiger plc

Source: Metal Tiger plc

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)

 

Richard Tulloch

Strand Hanson Limited (Nominated Adviser)

Tel +44 (0)20 7409 3494

James Dance

Jack Botros

 

Paul Shackleton

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

Steve Douglas

 

Gordon Poole

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

James Crothers

Hugo Liddy

Quick facts: Metal Tiger PLC

Price: -

Market: AIM
Market Cap: -
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