Metal Tiger buys more of Conroy Gold

Natural resources project investor Metal Tiger announced a further investment in Conroy Gold and Natural Resources on Friday.

The firm has now acquired a total 185,000 shares in its fellow AIM-traded investment through on-market purchases at an average price of 24.6p.

Its current holding equated to 3.35% of the current issued share capital of Conroy Gold, but Metal Tiger wasn’t quite finished - it also participated in a placing to acquire 675,675 Conroy Gold shares due to be admitted on 10 May.

Based on the placing participation and its current shareholding, Metal Tiger will hold 860,675 shared in Conroy Gold on 10 May, or 7.81% of the issued share capital.

Conroy Gold reported a loss of €0.32m for the year to 31 May 2015, and had net assets of €15.26m on 30 November.