Metal Tiger Plc invests additional USD1.5 million in Kalahari Metals Limited

 

Metal Tiger Plc (LON: MTR) has informed about its additional investment of USD1.5 million in Kalahari Metals Limited and grant of 2 per cent NSR.

  • The company has informed that it has further made an equity investment worth USD1.5 million into Kalahari Metals Limited, a Botswana focused explorer.
  • In lieu of the investment, the company has been conditionally granted a 2 per cent net smelter royalty over all of Kalahari Metals Limited’s wholly-owned licences.
  • However, the 5 exploration licences held by Triprop Holdings (Pty) Limited, where KML holds a majority of 51 per cent interest, does not form part of the royalties.
  • On 14th February 2020, at the time of writing, GMT 08:07 AM, MTR shares were trading at GBX 1.56, up by 0.037 points or 2.43% against the previous day closing price.