MTR.L Regulatory News (MTR)

27 Jul 2017 14:22

Results of Annual General Meeting

Metal Tiger Plc

("Metal Tiger" or the "Company")

Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.00 am on Thursday 27 July 2017 all resolutions placed before the meeting were passed. Details of the resolutions are provided below for reference purposes.

Resolution 1 – Receiving and Considering the Accounts

This is an ordinary resolution to receive and consider the financial statements of the Company for the period ended 31 December 2016 together with the report of the directors and the report of the auditors thereon.

Resolution 2 – Re-appointment of Auditors

This Resolution seeks to authorise the re-appointment of Crowe Clark Whitehill LLP as auditors of the Company and to authorise the Directors to determine their remuneration.

Resolutions 3 – 8 – Reappointment of Directors

The Board recommends the re-election of Mr Michael McNeilly, Mr Charles Hall, Mr Keith Springall, Mr Alastair Middleton, Mr Geoffrey McIntyre and Mr Mark Potter all of whom being eligible, offer themselves for re-election or election.

Resolution 9 – Directors’ Authority to Allot Shares

This is an ordinary resolution to grant the Directors authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Companies Act 2006 (“Act”) up to the maximum aggregate nominal amount of £200,000. This Resolution replaces any existing authorities to issue shares in the Company and the authority under this Resolution will expire at the conclusion of the next annual general meeting of the Company.

Resolution 10 – Disapplication of Pre-emption Rights

This resolution proposes to dis-apply the statutory rights of pre-emption in respect of the allotment of equity securities for cash under Section 561(1) of the Act. This is a special resolution authorising the Directors to issue equity securities as continuing authority up to an aggregate nominal amount of £200,000 for cash on a non pre-emptive basis pursuant to the authority conferred by Resolution 9 above.

The authority granted by this Resolution will expire at the conclusion of the next annual general meeting of the Company.

Resolution 11 – Amendment of Article 153 of existing Articles of Association

This is a special resolution to amend the Company’s Articles of Association in relation to the declaration of an interim dividend.

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

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 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.

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