logo-loader
viewMetal Tiger PLC

Metal Tiger ups its stake in Southern Gold

Following this investment, Metal Tiger will own around 17.72% of Southern Gold’s issued share capital

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR) said it has spent around A$146,000 on increasing its stake in Southern Gold Limited to around 17.72%.

The investor in natural resources bought 1.23mln shares in the Aussie-listed gold explorer at an average price of around A$0.1193 a share.

Southern Gold has a substantial portfolio of high-grade gold projects in South Korea that are largely greenfield epithermal gold-silver targets in the south-west of the country, Metal Tiger told investors.

Michael McNeilly, Metal Tiger’s chief executive officer, is a non-executive director of Southern Gold.

Quick facts: Metal Tiger PLC

Price: 22.5 GBX

AIM:MTR
Market: AIM
Market Cap: £34.6 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metal Tiger PLC named herein, including the promotion by the Company of Metal Tiger PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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...

on 27/8/20

2 min read