StockMarketWire.com - Metal Tiger has received High Court approval for the cancellation of the company's share premium account and cancellation of deferred shares.

The purpose of this reduction was to create distributable reserves which may be used for corporate purposes, including the payment of dividends.

Chief executive Michael McNeilly said: "Metal Tiger is pleased that this process has now completed. The company is now in a position where, in the event of a successful exit of one of its core projects, it could envisage paying a dividend to shareholders."


At 3:21pm: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.03p at 1.4p



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