This gives more detail.
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Column 1 0 Metal Tiger plc - MTR MOD Resources Investment UpdateReleased 16:13 12-Feb-2018
LONDON--(BUSINESS WIRE)--
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 Company’s investment in MOD Resources Limited (“MOD”) (ASX:MOD).
Highlights:
Since 29th August 2017, Metal Tiger has made the following investments in MOD:
- Metal Tiger currently holds 111,200,000 MOD shares valued at present at A$6,004,800 (circa £3,395,036) at Friday’s 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 $A0.06 (expiry 15.4.19)
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Date Amount Price (A$) 1 29/08/2017 3,748,720 0.0615 2 17/11/2017 1,800,000 0.0531 3 21/11/2017 1,856,066 0.0534 4 14/12/2017 1,909,825 0.0500 5 15/12/2017 1,210,906 0.0500 6 18/12/2017 85,107 0.0500 7 19/12/2017 794,162 0.0500 8 20/12/2017 1,000,000 0.0500 9 17/01/2018 850,000 0.0570 10 17/01/2018 900,000 0.0577 11 19/01/2018 1,600,000 0.0637 12 22/01/2018 650,000 0.0622 13 05/02/2018 1,004,786 0.0595 14 06/02/2018 1,995,214 0.0591
“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.
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