LONDON–(BUSINESS WIRE)–
25 February 2021
Steel Tiger Plc
(“Steel Tiger” or the “Firm”)
Funding into Palladium One
Steel Tiger plc (AIM:MTR), the London Inventory Trade 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 frequent share in Palladium One and one-half of 1 frequent share buy warrant (every complete warrant, a “Warrant”) exerciseable at a worth of C$0.45 any time previous to 24 February 2023. Steel Tiger is now concerned with 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 undertaking is the Lantinen Kollismaa or LK Mission, a palladium dominant platinum group element-copper-nickel undertaking 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:
Enquiries:
Michael McNeilly Mark Potter | (Chief Government Officer) (Chief Funding Officer) | Tel: +44 (0)20 7099 0738 |
James Dance Jack Botros Georgia Langoulant | Strand Hanson Restricted (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
Paul Shackleton Steve Douglas | Arden Companions plc (Dealer) | Tel: +44 (0)20 7614 5900 |
Gordon Poole James Crothers Hugo Liddy | 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 Trade 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 Mission Investments.
Fairness Investments invests in undervalued pure useful resource firms. The vast majority of its investments are listed on AIM, the TSX and the ASX, which incorporates its curiosity in Sandfire Sources Restricted (ASX: SFR). The Firm additionally considers selective alternatives to put money into personal pure useful resource firms, sometimes 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 Mission Investments division.
Mission Investments is targeted on the event of its key undertaking pursuits in Botswana, the place Steel Tiger has a rising curiosity within the massive and extremely potential Kalahari copper/silver belt by means 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 latest alternatives within the pure sources and mining sectors. For pipeline alternatives deemed sufficiently engaging, Steel Tiger might put money into the undertaking or entity by shopping for publicly listed shares, by financing privately and/or by coming into right into a three way partnership.
Class Code: MSCL
Sequence Quantity: 731405
Time of Receipt (offset from UTC): 20210225T134323+0000
