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
  -0.15p -5.56% 2.55p 2.50p 2.60p 2.775p 2.45p 2.725p 15,516,420 11:05:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.7 -0.1 - 25.21

Metal Tiger plc Appointment of NRG - MOD Resources Strategic Options

18/09/2017 7:15am

UK Regulatory (RNS & others)


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Metal Tiger Plc

 

("Metal Tiger" or the "Company")

 

Appointment of NRG - MOD Resources strategic options

 

Metal Tiger Plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that the Company has appointed Natural Resources Global Capital Partners Limited ("NRG") to provide strategic and financial advice in connection with the Company's strategic options relating to its 30% holding in the Botswanan joint venture (the "Joint Venture") with MOD Resources. NRG will work alongside the Company's existing natural resources specialist adviser, RFC Ambrian Limited.

 

NRG is an independent advisory firm and merchant bank focused on the global mining & metals, oil & gas and energy industries. Metal Tiger's dedicated team at NRG will be led by the Chairman of NRG, Julian Vickers and Senior Partner, Mick Oliver.

 

Michael McNeilly, Chief Executive Officer of Metal Tiger commented:

 

"We are delighted to be working with a well-rounded team of advisers to assess the Company's strategic options relating to Metal Tiger's 30% interest in the Botswanan joint venture with MOD resources and any possible transaction that may occur as a result. This combination of advisers has the experience, knowledge and network to assist the Board of Metal Tiger to make the right decisions for the Company and for shareholders to realise significant value from its 30% holding in the Joint Venture".

 

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) 
Rita Adiani                NRG                  Tel +44 (0)203 709 4504 
Nick Emerson               SI Capital           Tel: +44 (0)1483 413 500 
Andy Thacker               (Joint Broker) 
Andrew Monk                VSA Capital Limited  Tel: +44 (0)20 3005 5000 
Andrew Raca                (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 Metal Tiger 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/20170917005059/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

September 18, 2017 02:15 ET (06:15 GMT)

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