Metallic Tiger plc United kingdom Regulatory Announcement: Expense in Southern Gold

LONDON–(Business enterprise WIRE)– 

7 June 2021

Steel Tiger plc

(“Metal Tiger” or the “Organization”)

Investment in Southern Gold

Steel Tiger plc (Aim:MTR, ASX:MTR), the Purpose and ASX detailed investor in purely natural resource options, is happy to announce that it has bought 3,000,000 shares in ASX listed Southern Gold Confined (ASX:SAU) (“Southern Gold”), at an regular price (in advance of prices) of around A$.075 for every share, for a total consideration of approximately A$225k.

Following this investment, Metal Tiger will be interested in 40,794,000 Southern Gold shares, symbolizing approximately 19.1% of the company’s issued share money, and 7,284,500 2-yr A$.18 warrants.

Southern Gold is a productive gold explorer listed on the Australian Securities Exchange. Southern Gold owns 100% of a substantial portfolio of significant-grade gold initiatives in South Korea that are mainly greenfield epithermal gold-silver targets in the south-west of the country. Backed by a to start with-course technological crew, Southern Gold’s goal is to uncover tier one epithermal gold-silver deposits in a jurisdiction that has viewed extremely minor modern exploration.

For the fifty percent 12 months ended 30 December 2020, Southern Gold claimed a loss before tax of A$1.1 million and web assets of A$19.1 million.

Michael McNeilly, Steel Tiger’s Main Executive Officer, is a non-government director of Southern Gold.

For further more details on the Business, take a look at: www.metaltigerplc.com

Enquiries:

Notes to Editors:

Metallic Tiger PLC is admitted to the Aim sector of the London Stock Trade Intention Marketplace (“Intention”) and the ASX Marketplace of the Australian Securities Exchange Sector (“ASX”) with the investing code MTR and invests in superior probable mineral assignments with a base, important and strategic metals aim.

The Company’s focus on is to produce a significant return for shareholders by investing in noticeably undervalued and/or substantial probable chances in the mineral exploration and improvement sector. Metallic Tiger has two investment divisions: Equity Investments and Task Investments.

Equity Investments invests in undervalued organic resource firms. The the greater part of its investments are shown on Intention, the TSX and the ASX, which consists of its fascination in Sandfire Assets Limited (ASX: SFR). The Corporation also considers selective possibilities to invest in non-public all-natural resource providers, generally the place there is an identifiable path to IPO. As a result of the buying and selling of equities and warrants, Metallic Tiger seeks to make hard cash for financial investment for the Challenge Investments division.

Challenge Investments is concentrated on the progress of its critical venture pursuits in Botswana, in which Metallic Tiger has a growing fascination in the huge and really future Kalahari copper/silver belt via its desire in Kalahari Metals Constrained.

The Organization actively assesses new expense options on an on-likely basis and has access to a numerous pipeline of new alternatives in the natural means and mining sectors. For pipeline alternatives considered adequately eye-catching, Metal Tiger may possibly invest in the task or entity by obtaining publicly mentioned shares, by financing privately and/or by entering into a joint venture.