• Home
  • news
  • Additional Strategic Investment - Thor Mining

Award of management options

MOD Resources Limited
ABN 78 003 103 544 | First Floor, 1304 Hay Street, West Perth WA 6005 | PO Box 1927, West Perth WA 6872

ASX code: MOD | T +61 (8) 9322 8233 | F +61 (8) 9322 8077 | E This email address is being protected from spambots. You need JavaScript enabled to view it. | www.modresources.com.au

Metal Tiger Plc

19 August 2016

Metal Tiger Plc
("Metal Tiger" or the "Company")
Award of Management Options


Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the award of management options to Jordan Lockett, the Company's new Chief Technical Officer.

As part of his remuneration package Mr Lockett will receive 5 million options at an exercise price of 7.5p per share vesting in three months and with a three year exercise life post vesting.

Option vesting will be accelerated in the event of a successful takeover offer for the Company.

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

Paul Johnson (Chief Executive Officer)   Tel: +44 (0)7766 465 617
Terry Grammer (Non- Executive Chairman)   Tel: +44 (0)207 099 0738
Sean Wyndham-Quin Spark Advisory Tel: +44 (0) 2033 683 555
Neil Baldwin  Partners Limited  
Nick Emerson (Nominated Adviser) www.sparkadvisorypartners.com
Andy Thacker SI Capital (Sole Broker) Tel: +44 (0) 1483 413 500

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160819005392/en/
Metal Tiger plc
Source: Metal Tiger plc