LCL 12.5% 0.9¢ lcl resources limited

A top 20 buying more on Market...LONDON--(BUSINESS WIRE)-- 29...

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    A top 20 buying more on Market...
    LONDON--(BUSINESS WIRE)-- 29 October 2020
    Metal Tiger Plc

    ("Metal Tiger" or the "Company")

    Investment inLos Cerros Limited(ASX:LCL)

    Metal Tiger plc(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has today purchased 300,000 shares in ASX listedLos Cerros Limited(ASX:LCL) (“Los Cerros”), at an average price (before costs) of approximatelyA$0.1575per share for a total consideration of approximatelyA$47.2k.

    Following this investment Metal Tiger will be interested in 3.50 million shares and 1.25 millionA$0.10warrants inLos Cerros.

    Los Cerrosis an ASX listed exploration and mining company with a dominant land position within the Andes and Quinchia regions of the Mid-Cauca Gold belt inSouth America. Los Cerros’ primary focus is the Qunichia Gold Portfolio, which is located inColombia.

    For the year ended31 December 2019,Los Cerrosreported a net loss ofA$4.16 millionand, as at30 June 2020, reported net assets ofA$15.76 million.

    Last edited by littleblackduck: 30/10/20
 
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