LONDON--(BUSINESS WIRE)--
Metal Tiger Plc
("Metal Tiger" or the "Company")
Receipt of conditional approval for admission to the ASX
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that, in-line with its planned secondary compliance listing (as announced on 21 August 2020) on the Australian Securities Exchange (“ASX”), it has today received conditional approval from the ASX in response to its formal request for admission to the Official List of the ASX and the official quotation of Metal Tiger's CHESS Depository Instruments ("CDIs") ("ASX Conditional Approval").
The ASX Conditional Approval is a standard form document and represents a significant step in the Company’s secondary compliance listing process. The approval confirms that the ASX considers Metal Tiger to be suitable to list on the ASX, subject to the Company satisfying certain customary conditions precedent prior to admission to the Official List of the ASX and the official quotation of Metal Tiger's CDIs.
Having received the ASX Conditional Approval, Metal Tiger will set about satisfying the conditions with the intention of listing on the ASX in the coming weeks and a further announcement will be made in due course.
While Metal Tiger does not see any impediment to satisfying the conditions, shareholders should note though that there is no guarantee that Metal Tiger will be admitted to the Official List of the ASX in the event that Metal Tiger does not satisfy the conditions stipulated in the ASX Conditional Approval.
Shareholders wishing to transfer their shares from the United Kingdom Register (Ordinary Shares) to the Australian Register (CDI’s) can find the appropriate instructions and form at the following link:
https://www.metaltigerplc.com/cross-border-transactions
Instructions are also available to transfer CDI’s from the Australian Register to the United Kingdom Register (Ordinary Shares).
For further information on the Company, visit: www.metaltigerplc.com:
Enquiries:
Michael McNeilly Mark Potter |
(Chief Executive Officer) (Chief Investment Officer) |
Tel: +44 (0)20 7099 0738 |
James Dance Jack Botros Georgia Langoulant |
Strand Hanson Limited (Nominated Adviser) |
Tel +44 (0)20 7409 3494 |
Paul Shackleton Steve Douglas |
Arden Partners plc (Broker) |
Tel: +44 (0)20 7614 5900 |
Gordon Poole James Crothers Hugo Liddy |
Camarco (Financial PR) |
Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.
Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.