Announcement by Metal Tiger plc re. Placing and Spanish Exploration Update
Paternoster is pleased to note the announcement by Metal Tiger plc ("Metal Tiger") that it has raised £400,000 (before expenses) through a placing and subscription of 66,666,663 new ordinary shares of 0.01 pence (the 'Placing Shares') each in the company at a price of 0.6 pence per Placing Share. Metal Tiger intends to use the net proceeds of the Placing to provide additional working capital and in particular to enable further funds to be deployed towards the projects in Thailand and Spain. The number of ordinary shares of 0.01 pence in the capital of the Company in issue and number of voting rights following admission will be 250,372,466.