Metal Tiger plc - Appointment of NRG – MOD Resources Strategic Options
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 Executive Officer)||Tel: +44(0)20 7099 0738|
|Keith Springall (Finance Director & Company Secretary)||Tel: +44 (0)20 7099 0738|
|Stephen Allen or Bhavesh Patel||RFC Ambrian Ltd (Nominated Adviser)||Tel +44 (0)20 3440 6800|
|Jonathan Williams||RFC Ambrian Ltd (Joint Broker)||Tel +44 (0)20 3440 6800|
|Rita Adiani||NRG||Tel +44 (0)203 709 4504|
| Nick Emerson
| SI Capital
|Tel: +44 (0)1483 413 500|
| Andrew Monk
| VSA Capital Limited
|Tel: +44 (0)20 3005 5000|
| Gordon Poole
|Tel: +44 (0)20 3757 4980|
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.