Good to see that the JV team have secured that 1000 sq km licence area from Senyetse in the highly promising T20 Dome area.
Announcement from MTR in London today:
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Tuesday 24 April, 2018
Metal Tiger plcIssue of EquityIssue of EquityMetal Tiger plc Metal Tiger Plc24 April 2018Metal Tiger Plc("Metal Tiger" or the "Company")Issue of EquityMetal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announced on 25 January 2018, the exercised option agreement entered into between Senyetse Resources (Pty) Ltd (“Senyetse”) and Tshukudu Metals Botswana (Pty) Ltd (“Tshukudu”) (a company 100% owned by Metal Capital Limited of which Metal Tiger owns 30% and MOD Resources Ltd 70% (“MOD”)), under which Tshukudu has the right to acquire the Ghanzi West prospecting licences PL 126/2013 and PL 127/2013. These licences cover 1,010 square km over the centre of the T20 Dome. The Project Brief for the T20 Dome was lodged with the Botswana Department of Environmental Affairs in April 2018.Consequently, Metal Tiger will issue shares to Senyetse to the value of A$60,000 with MOD issuing shares to the value of A$140,000. This has resulted in Metal Tiger issuing 1,651,170 new shares at an issue price of 1.986p per share, based on a 30 day VWAP to 20 April 2018, with these shares being expected to commence trading on or around 27 April 2018.Following this issue Metal Tiger has 1,109,243,320 issued shares
