MOD Resources Investment Update MOD Resources Investment Update...

MOD Resources Investment Update
MOD Resources Investment Update

Metal Tiger plc

29 August 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

MOD Resources Investment Update

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM quoted investor in strategic natural resource opportunities, is pleased to announce an additional investment in MOD Resources (ASX:MOD), taking the Company’s shareholding to over 5 per cent.

In a share purchase completed today, the Company, which previously held 91,795,214 MOD Resources shares valued at A$5,599,508 (circa £3,444,791) at today’s ASX closing price of A$0.061 as well as 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19), has made an additional investment for 3,748,720 MOD Resources shares at a price of A$0.06157. Following the share purchase the Company now holds 5.049 per cent. of MOD Resources.

MOD Resources reported audited net assets of A$18,407,416 and audited net loss of A$1,920,772 for the year ended 31.12.16.

Michael McNeilly Chief Executive Officer of Metal Tiger commented: “We are pleased to announce the increasing investment by the Company in MOD Resources which takes us to over the 5% reportable threshold for the ASX market and reaffirms our confidence in the potential of the T3 Botswana asset.”

For further information on the Company, visit: www.metaltigerplc.com: