25 February 2021
Steel Tiger Plc
(“Steel Tiger” or the “Firm”)
Funding into Palladium One
Steel Tiger plc (AIM:MTR), the London Inventory Change AIM listed investor in pure useful resource alternatives, is happy to announce that it has subscribed for 340,000 models in Palladium One Mining Inc. (“Palladium One”) (TSXV:PDM) at a worth of C$0.29 per unit, for a complete funding of roughly C$99,000 (roughly £56,000), as a part of Palladium One’s C$15 million fundraise (the “Fundraise”) introduced on 24 February 2021. Every unit consists of 1 widespread share in Palladium One and one-half of 1 widespread share buy warrant (every entire warrant, a “Warrant”) exerciseable at a worth of C$0.45 any time previous to 24 February 2023. Steel Tiger is now fascinated about 340,000 shares in Palladium One and 170,000 Warrants.
Palladium One is an exploration firm focusing on district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship challenge is the Lantinen Kollismaa or LK Undertaking, a palladium dominant platinum group element-copper-nickel challenge in north-central Finland.
For the 9 months ended 30 September 2020, Palladium One reported a internet lack of roughly C$3 million and, as at 30 September 2020, reported internet belongings roughly C$2 million.
For additional data on the Firm, go to: www.metaltigerplc.com:
(Chief Govt Officer)
(Chief Funding Officer)
Tel: +44 (0)20 7099 0738
Strand Hanson Restricted (Nominated Adviser)
Tel +44 (0)20 7409 3494
Arden Companions plc (Dealer)
Tel: +44 (0)20 7614 5900
Camarco (Monetary PR)
Tel: +44 (0)20 3757 4980
Notes to Editors:
Steel Tiger PLC is admitted to the AIM market of the London Inventory Change AIM Market (“AIM”) with the buying and selling code MTR and invests in excessive potential mineral initiatives with a base, valuable and strategic metals focus.
The Firm’s goal is to ship a excessive return for shareholders by investing in considerably undervalued and/or excessive potential alternatives within the mineral exploration and growth sector. Steel Tiger has two funding divisions: Fairness Investments and Undertaking Investments.
Fairness Investments invests in undervalued pure useful resource corporations. The vast majority of its investments are listed on AIM, the TSX and the ASX, which incorporates its curiosity in Sandfire Assets Restricted (ASX: SFR). The Firm additionally considers selective alternatives to spend money on non-public pure useful resource corporations, usually the place there may be an identifiable path to IPO. By means of the buying and selling of equities and warrants, Steel Tiger seeks to generate money for funding for the Undertaking Investments division.
Undertaking Investments is targeted on the event of its key challenge pursuits in Botswana, the place Steel Tiger has a rising curiosity within the giant and extremely potential Kalahari copper/silver belt by way of its curiosity in Kalahari Metals Restricted.
The Firm actively assesses new funding alternatives on an on-going foundation and has entry to a various pipeline of recent alternatives within the pure sources and mining sectors. For pipeline alternatives deemed sufficiently engaging, Steel Tiger might spend money on the challenge or entity by shopping for publicly listed shares, by financing privately and/or by coming into right into a three way partnership.
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Steel Tiger plc