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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
City Pub Group Plc (the) | LSE:CPC | London | Ordinary Share | GB00BYWRS683 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 139.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMTR
Metal Tiger PLC
14 December 2016
Metal Tiger Plc
14 December 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Thailand Mineral Act 2016 Update
Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update with regard to the drafting of a new Mineral Act in Thailand.
On 8(th) December 2016 the Thai National Legislative Assembly approved a draft of the Mineral Act 2016. The draft will enter the legislature subject to the signature of King Maha Vajiralongkorn.
Following an initial review the Company is pleased to confirm the Mineral Act proposed includes a number of positive and progressive changes to the original legislation that will further support diligent and respectful investors in Thailand to undertake mineral exploration and development work.
The Company's joint Venture partner Metal Tiger Thailand is currently undertaking a full review of the proposed Mineral Act and will provide a further and fuller update to market in due course.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented: "Metal Tiger is pleased to be able to report with regard to the proposed Mineral Act 2016 which we consider represents a significant positive step forward.
Our Joint Venture partners Metal Tiger Thailand has assembled a strong team focused on Thailand mineral exploration, development and production. The strategic value of our investment in Metal Tiger Thailand is bolstered materially by positive developments of this nature in the legislature.
The Company considers that Thailand has exceptional geology and we have invested on the basis of building one of the strongest strategic operations in-country.
Metal Tiger Thailand is focused on working in a manner respectful of the Thai people and the legal/regulatory structures in place and we look forward to providing a fuller update to market in due course."
For further information on the Company, visit: www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44 (0)20 7099 Executive Officer) 0738 Keith Springall (Finance Tel: +44 (0)20 7099 Director & Company 0738 Secretary) Sean Wyndham-Quin Spark Advisory Tel: +44 (0) 2033 Neil Baldwin Partners Limited 683 555 (Nominated www.sparkadvisorypartners.com Adviser) Nick Emerson SI Capital Tel: +44 (0)1483 Andy Thacker (Joint Broker) 413 500 Andrew Monk VSA Capital Tel: +44 (0)20 3005 Andrew Raca Limited 5000 (Joint Broker) Gordon Poole Camarco Tel: +44 (0)203 Sean Blundell (Financial 757 4980 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 Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over 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 ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company's project based activities.
This information is provided by RNS
The company news service from the London Stock Exchange
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December 14, 2016 04:13 ET (09:13 GMT)
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