Currently viewing Global edition

Metal Tiger to raise US$6M

Metal Tiger (AIM:MTR) has launched a placing and a non-brokered private placement to raise a combined £4.6 million (US$6 million) to fund its 30% portion of the joint venture with MOD Resources in Botswana’s Kalahari copper belt.

Metal Tiger to raise US$6M Metal Tiger to raise US$6M Metal Tiger to raise US$6M Metal Tiger to raise US$6M Metal Tiger to raise US$6M

Metal Tiger will use proceeds from its latest financing to fund its JV activities with MOD Resources on the Kalahari copper belt

It will also use the funds to finance possible further investment in Kalahari Metals.

The placing with UK institutional and high net worth investors includes 123.