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Metal Tiger CEO and Cobre chairman talk strategic acquisition of Kalahari Metals

Metal Tiger's (LON:MTR) Michael McNeilly and Martin Holland, chairman of Cobre limited (ASX:CBE) discuss the news that Cobre is to acquire up to 51% of Kalahari Metals. Metal Tiger has a 62.17% interest in Kalahari Metals Ltd and an 18.79% interest in Cobre. Assuming completion of all the various stages of the transaction, Metal Tiger will be interested in approximately 20.72% of Cobre and would have an economic interest in Kalahari Metals of approximately 59.57%, comprising a direct interest of 49% and an indirect interest of 10.57%.

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Price: 22.5 GBX

AIM:MTR
Market: AIM
Market Cap: £34.6 m
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on 1/6/20

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