StockMarketWire.com - Metal Tiger says it has noted the announcement made by MOD Resources, a Company in which it holds a 4.975% share interest and 1.5m warrants, which confirmed:

- $14.6m raised in share placement to institutions, professional and sophisticated investors (before costs)

- Placement was heavily oversubscribed

- A range of quality institutional investors join MOD's share register

Michael McNeilly, Chief Executive Officer said, "We're very pleased by the news today from MOD. This financing further validates the exceptional quality of the Botswana project and we are delighted that this raise will further accelerate the joint venture work program on the ground. We look forward to continuing our work with MOD on further exploration of the T3 copper project."



At 1:48pm: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.2p at 2.65p



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