Metal Tiger plc (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, has today announced that it has purchased, on market, 14,700,000 ordinary shares of 0.1 pence each in Greatland Gold plc (LON: GGP) at an average price of 1.72 pence per share.
Accordingly, following the purchase, Metal Tiger’s interest in Greatland is 14,700,000 Greatland Shares representing approximately 0.46% of Greatland’s issued share capital.
Greatland Gold is an AIM listed natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects in Australia. For the year ended 30 June 2018, Greatland reported net assets of £4.3 million and a net loss of £1.9 million.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:
“Metal Tiger is delighted to once again become a shareholder of Greatland Gold following the recent announcement of a world class gold discovery at Greatland’s Havieron licence in the Paterson region of Western Australia. We are highly encouraged by the indicative size of this new gold discovery at Havieron, given the exceptional drilling and geophysical results Greatland has announced to date.”
“Today’s announcement reflects Metal Tiger’s focus on acquiring minority equity investments in natural resource projects that demonstrate considerable upside potential. We are confident that through this strategy we can continue to add significant value to Metal Tiger’s Direct Equities portfolio over the coming months.”