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Directorate Change

RNS Number : 6029R
Metal Tiger PLC
15 September 2014
 



Metal Tiger plc

("Metal Tiger" or the "Company")

 

Director & Chairman Appointment

 

Metal Tiger is pleased to announce the appointment of Mr Terry Grammer as Non-Executive Director with immediate effect and Chairman of the Company effective from 24 September 2014.

 

Terry is an award-winning geologist with over 40 years' experience in mining and mineral exploration with extensive experience in Australia, Africa, Southeast Asia and New Zealand.  The directors of Metal Tiger anticipate that his standing in the mining community around the world will increase the range and depth of the Company's access to mineral exploration investment opportunities.  Terry has been involved in numerous ASX-listed companies that have achieved substantial growth, most notably:

 

·    in 1997, as geologist with ASX-listed Jubilee Mines NL, Terry co-discovered the Cosmos Nickel Deposit for which he was awarded the AMEC (Association of Mining & Exploration Companies) Joint Prospector of the Year in 2000.  From that discovery, Jubilee Mines NL went on to become an ASX Top 200 company and ultimately be sold to Xstrata Plc in 2007 for AUD$3.1 billion (equivalent £1.8bn) at a share price of AUD$23 per share;

·    as a Founder/Promoter and the Exploration Manager (2000-2004) of Western Areas NL (ASX:WSA), which listed in 2000 and went on to become a successful nickel miner and an ASX Top 200 company;

·    as Chairman (2008-2013) he guided South Boulder Mines Ltd (ASX:STB) through the discovery and pre-feasibility studies of the Colluli potash deposit in Eritrea which saw the company become an ASX Top 300 company; and

·    as a director of Sirius Resources NL (ASX:SIR) since June 2010 to present, guiding the company through the discovery, feasibility and development funding of the Nova nickel and copper deposits in Western Australia as it became an ASX Top 200 (current market capitalisation over AUD$1.1billion). This discovery saw the company's share price rise from AUD$0.05 in July 2012 to reach a peak above AUD$5 per share in early 2013.

 

Terry is appointed to the Board as a Non-Executive Director with immediate effect and will be appointed Chairman of the Company following the release of the Company's interim results for the six months ended 30 June 2014, scheduled for Wednesday 24 September 2014.

 

The current Chairman, Alex Borrelli, continues to be a Director and becomes the Company's Chief Financial Officer with immediate effect.  The Company thanks Alex for his work as Chairman.

 

Metal Tiger CEO, Cameron Parry, commented:

 

"Terry's appointment represents a significant statement of intent by Metal Tiger and is a positive reflection on the Company's ability to attract top people.  The Board recognises the significant strategic, operational and reputational benefit that Terry brings to the Company, as an award-winning geologist with a rare combination of skills and track record of success with multiple ASX-listed companies achieving dramatic growth.  Having worked with Terry as a fellow director of Black Star Gold Pty Ltd since 2010, and together investigating the initial prospective gold sites in Thailand that are the subject of the Company's current exclusivity period, I'm very pleased to welcome Terry to the Board and look forward to Metal Tiger benefiting from his leadership as Chairman."

 

 

 

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

 

Cameron Parry

(CEO)

 

 

Tel: +44 (0)207 099 0738

Paul Johnson

(Non-Executive Director)

 

 

Tel: +44 (0)7766 465 617

Nick Athanas

Alex Price 

Allenby Capital Limited

(Nominated Adviser and Joint Broker)

Tel: +44 (0) 20 3328 5656

Lucy Williams

Duncan Vasey

Peterhouse Corporate Finance

(Joint Broker)

Tel: +44 (0) 20 7469 0930

 

Regulatory information

 

Full name: Terrence Ronald Grammer (aged 64)

 

Terry Grammer is, or has been within the last five years, a director or partner of the following entities:

 

Current directorships or partnerships

 

Directorships or partnerships within the last five years

Sirius Resources NL (ASX:SIR)

Stratum Metals Limited

Kin Mining NL (ASX:KIN)

South Boulder Mines Ltd

Great Western Exploration Limited (ASX: GTE)

Mekong Mining Limited

Black Star Gold Pty Ltd

Kazakhstan Potash Corporation Limited

Duketon Consolidated Pty Ltd

Duketon Mining Limited

Boteleo Ltd

 

 

Terry Grammer is a founding director and shareholder of Black Star Gold Pty Ltd ("BlackStar"), holding 3,000,000 shares representing approximately 15.09 per cent. of BlackStar's issued share capital.  BlackStar holds 19,880,000 shares in the Company representing 10.82 per cent. of Metal Tiger's issued share capital.

 

There are no further disclosures to be made in relation to Terry Grammer under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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