Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger LSE:MTR London Ordinary Share GB0030493232 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.30p 2.25p 2.35p 2.40p 2.25p 2.30p 11,518,604 12:51:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.7 -0.1 - 25.19

Metal Tiger plc Kingsgate Consolidated General Meeting

09/01/2018 8:34am

UK Regulatory (RNS & others)


Metal Tiger (LSE:MTR)
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9 December 2017

 

Metal Tiger Plc("Metal Tiger" or the "Company")

 

Kingsgate Consolidated General Meeting

 

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that all resolutions it proposed at Kingsgate Consolidated's General Meeting in Sydney today were unsuccessful. Metal Tiger plc is Kingsgate Consolidated Limited's largest shareholder with circa 8.623% of the Company. However, the Board is of the opinion that the outcome demonstrated strong support for change among both institutional and retail investors and is currently assessing options with regards to its stake in Kingsgate Consolidated Limited.

 

Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented:

 

"The close result highlights the fact that many investors supported Metal Tiger's views. We presented a clear vision to restore and ultimately deliver value based on the reopening of Chatree, and we are encouraged that so many shareholders recognised this. We also note the Government of Thailand said in a recent media release that a properly managed reactivation of Chatree would be mutually beneficial to the mine's owner and to Thailand. The government also said far more can be achieved through amicable negotiations than through arbitration."

 

For further information on the Company, visit:www.metaltigerplc.com:

 
Michael McNeilly (Chief                         Tel: +44(0)20 7099 0738 
Executive Officer) 
Keith Springall (Finance                        Tel: +44 (0)20 7099 0738 
Director 
& Company Secretary) 
Stephen Allen or             RFC Ambrian Ltd    Tel +44 (0)20 3440 6800 
Bhavesh Patel                (Nominated 
                             Adviser) 
Jonathan Williams            RFC Ambrian Ltd    Tel +44 (0)20 3440 6800 
                             (Joint Broker) 
Nick Emerson                 SI Capital         Tel: +44 (0)1483 413 500 
                             (Joint Broker) 
Gordon Poole                 Camarco            Tel: +44 (0)20 3757 4980 
James Crothers               (Financial PR) 
 
 

Notes to Editors:

 

Metal Tiger plc is listed on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

 

The Company's target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

 

Metal Tiger's Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

 

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.

 
 
 

View source version on businesswire.com:http://www.businesswire.com/news/home/20180109005804/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

January 09, 2018 03:34 ET (08:34 GMT)

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