- Metal Tiger said it had sourced around A$8.2m of new financing, secured against its holding in Australian miner Sandfire Resources.

The company said it had entered into an equity derivative collar financing arrangement with a global investment bank, which it did not identify.

The lender would have a right to borrow a capped number of Sandfire shares and buy them in three years' time at an agreed price.

At 8:21am: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.05p at 1.25p

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