LONDON–(BUSINESS WIRE)–
19 December 2022
Metal Tiger plc
(“Metal Tiger” or the “Company”)
Investment in Cobre Limited
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce that it has invested approximately A$1m in Cobre Limited’s (“Cobre”) A$5m placing at A$0.15 per new ordinary share for a total of 6,666,667 new ordinary shares in Cobre. Metal Tiger’s subscription will be subject to Cobre shareholder approval at an extraordinary general meeting, expected to be held in late February / early March 2023. In addition, Cobre intends to launch a Share Purchase Plan to eligible shareholders in Australia and New Zealand to raise an additional A$1m and will issue circa A$0.7m in shares for services.
Proceeds from the placing, together with existing cash, will be used to accelerate…
