AIM-listed Metal Tiger said it will take up its placing entitlement in regard of 3.3mln Sandfire shares, a commitment that will cost it A$17.8mln (£9.4mln). The settlement date for the placing is 4 October 2021. In a statement, Metal Tiger said it is currently exploring several options to finance the investment, which may include a new margin loan facility or the existing equity derivative financing arrangement with a global investment bank.