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| 1 |
MOD Resources Investment UpdateBUS |
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| 2 |
MOD Resources Investment Update
Metal Tiger plc
MOD Resources Investment Update
12 February 2018
Metal Tiger Plc
("Metal Tiger" or the "Company")
MOD Resources Investment Update
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce an update with regard the Companys investment in MOD Resources Limited (MOD) (ASX:MOD).
Highlights:
- Metal Tiger currently holds 111,200,000 MOD shares valued at present at A$6,004,800 (circa �3,395,036) at Fridays ASX closing price of A$0.054. This represents 5.87% of the issued share capital of MOD;
- Metal Tiger also holds 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19)
Since 29th August 2017, Metal Tiger has made the following investments in MOD:
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| �| Amount| �| Price (A$)| 29/08/2017| | 3,748,720| | 0.0615| 17/11/2017| | 1,800,000| | 0.0531| 21/11/2017| | 1,856,066| | 0.0534| 14/12/2017| | 1,909,825| | 0.0500| 15/12/2017| | 1,210,906| | 0.0500| 18/12/2017| | 85,107| | 0.0500| 19/12/2017| | 794,162| | 0.0500| 20/12/2017| | 1,000,000| | 0.0500| 17/01/2018| | 850,000| | 0.0570| 17/01/2018| | 900,000| | 0.0577| 19/01/2018| | 1,600,000| | 0.0637| 22/01/2018| | 650,000| | 0.0622| 05/02/2018| | 1,004,786| | 0.0595| 06/02/2018| | 1,995,214| | 0.0591| [/table]
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
We are pleased to confirm the increasing investment by the Company in MOD Resources. We anticipate further market updates in respect of Botswanan exploration progress in the near term.
MOD reported audited net assets of A$31,504,515 and audited net loss of A$2,057,170 for the six months ended 30.06.17.
[/table]
Looking forward to the near term market updates, the nearer the better.
