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Metal Tiger looks to acquire up to 50% of Botswanan focused Kalahari Metals

Michael McNeilly, chief executive of Metal Tiger PLC  (LON:MTR), discusses with Proactive the news they've signed a binding investment agreement to acquire up to 50% of Botswanan focused explorer Kalahari Metals Limited (KML) for a total consideration of US$1.6mln.

McNeilly says they've exercised the first option under the agreement and is to be issued 18% of the enlarged share capital of KML for a total consideration of US$600,000.

The company will also appoint two non-executive directors to the board of KML.

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Price: 24.5 GBX

AIM:MTR
Market: AIM
Market Cap: £37.29 m
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