Metal Tiger raises cash for Botswana projects

Friday, December 16, 2016

Natural resources investor Metal Tiger Plc has raised £1.59 million through a share placing to beef up its cash position as it looks to press on with its various projects.

Metal Tiger owns a copper exploration project in the Kalahari Copperbelt. Investors paid 1.5 pence – the going rate for the stock at the time of the placing – for each of the 106-million shares.

One warrant, with an exercise price of two pence and an exercise period of 12 months, was also issued alongside each share.

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