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Metal Tiger (ASX:MTR) - CEO, Michael McNeilly
CEO, Michael McNeilly
Source: Metal Tiger
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  • Metal Tiger (MTR) shares have been placed in a voluntary trading halt ahead of an upcoming capital raise announcement
  • Details concerning the outcome of the raise are expected to be revealed on Wednesday July 28, at which time the trading will be lifted
  • Metal Tiger has not indicated how much it is looking to raise or for what purpose at this stage
  • The company’s most recent venture was a A$1.4 million subscription in newly formed gold company, Anacortes Mining
  • Prior to today’s trading halt, Metal Tiger shares last traded at 50 cents apiece

Metal Tiger (MTR) shares have been placed in a voluntary trading halt ahead of an upcoming capital raise announcement.

Shares in the mining investment company are expected to remain in a trading halt until Wednesday July 28 when the outcome of the planned raise is disclosed to the market.

The company maintains varying levels of interest in a portfolio of projects in the exploration and development stages, including Sandfire Resources (SFR), Cobre (CBE) and Southern Gold (SAU).

Its most recent venture was a subscription for C$1.3 million units (A$1.4 million) in First Light Capital Corp, a capital pool under the policies of the TSX Venture Exchange.

The investment grants Metal Tiger a stake in newly formed gold company, Anacortes Mining, which it said would initially focus on continued exploration and advancement of the Tres Cruces gold project in Peru.

Metal Tiger has not explicitly stated how much it is looking to raise or for what purpose at this stage.

Prior to today’s trading halt, Metal Tiger shares last traded at 50 cents.

MTR by the numbers
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