MOD Resources Investment Update
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 update with regard to the Company’s investment in MOD Resources (ASX:MOD). Highlights:
Metal Tiger currently holds 91,795,214 MOD shares valued at present at A$5,691,303 (circa £3,408,000) at today’s ASX closing price of A$0.062;
Metal Tiger also holds 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19);
Since 8 February 2017, Metal Tiger has made the following investments in MOD Resources for cash:
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
Date
Amount
Purchase Price (A$)
1
09/06/2017
3,500,000
0.064
2
13/06/2017
1,000,000
0.064
3
14/06/2017
1,000,000
0.066
4
15/06/2017
4,519,324
0.066
5
16/06/2017
1,980,676
0.065
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 confirm the increasing investment by the Company in MOD Resources which adds considerably to the value of the Company’s equity and warrant portfolio.
We anticipate further market updates in respect of Botswanan exploration progress in the near term.”
MOD Price at posting:
6.2¢ Sentiment: Buy Disclosure: Not Held
