() is to invest A$3.33mln, or around £1.7mln into Australian-based and South Korean-focused gold explorer, Southern Gold Ltd ().
The investment is part of a larger fundraising on the part of Southern Gold, which will raise A$10mln at A$0.14 per share.
Following completion, Metal Tiger will be interested in circa 14.9% of Southern Gold.
Highlights of Southern Gold investment:
Southern Gold owns a portfolio of high-grade gold projects in South Korea, comprised largely of greenfield epithermal targets
Separately, Metal Tiger has also decided to write off the Logrosan joint venture in Spain.
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