StockMarketWire.com - Metal Tiger said it had made another $1.1m equity investment into Botswana focused explorer Kalahari Metals.

The additional investment would provide full funding for Kalahari to complete its planned first round drilling at both the Ngami and Okavango copper projects in Botswana.

Metal Tiger currently has a 50% stake in Kalahari.

Further to the new investment, Metal Tiger would be issued with further shares in Kalahari such that its interest would rise to 59.8%.

However, this would reduce to 53.2% upon completion of Kalahari's purchase of Kitlanya, as announced last month.


At 1:52pm: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.03p at 1.3p



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