(MENAFN- ProactiveInvestors - UK) Metal Tiger PLC (LON:MTR) has raised 1mln at 4.5p a share via a placing and subscription of shares to advance the resource investor.
Paul Johnson chief executive said: "With this extra capital adding to an already significant working capital position Metal Tiger goes from strength to strength as it focuses on its key assets in Botswana and Thailand.
"Moreover we have also identified a number of new opportunities that deserve attention and are in line with our stated policy of focusing on our key metal projects activities and generating additional working capital through investments made by our Asset Trading division."
It is the firm's largest single fundraise to date it noted.
The firm also issued around 22.2mln warrants to subscribe for shares at an exercise price of 9p a warrant for year so one warrant at 9p for each share bought at 4.5p.
Metal Tiger shares eased 1.06% to stand at 4.675p.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.