5 Jan 2017 07:00
Metal Tiger Plc05 January 2017
Metal Tiger Plc("Metal Tiger" or the "Company")
Appointment of Technical Director
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the appointment of Alastair Middleton as the Company’s Technical Director with immediate effect.
Michael McNeilly, Chief Executive officer of Metal Tiger plc commented: “I am pleased to welcome Alastair Middleton to the Metal Tiger team where I hope he will be able to add tremendously to our technical capabilities as we deliver on our strategic objectives and work closely with our key joint venture partners. From a technical point of view Alastair’s experience will be invaluable in reviewing and judging the work undertaken by our joint venture partners (both in-house work as well as third party work) to enhance the Board’s strategic decision making with regard to its key projects. His technical and investment banking experience makes him an ideal addition to the team and should fit well with the short and medium-term goals of the Company to deliver value from its direct projects as well as to assess, as and when appropriate, new direct project investment opportunities.
“It is the Board’s belief that Alastair’s experience , in particular, his London presence will help Metal Tiger to gradually position itself towards more institutional investors and industry media. Furthermore his experience and achievements will be invaluable in providing reliable and meaningful input with regard to appropriate valuation on any exit opportunities as and when they present themselves.”
Director background:
Alastair Middleton is a mining industry executive with more than 27 years of international experience, in both underground and open pit operations and brings with him considerable technical and financial knowledge. He transitioned to investment banking in 2008 and has since undertaken hundreds of “techno-economic” assessments on major mining companies and emerging market projects, resulting in a substantial amount of funding. Alastair is a qualified geologist and has a Master of Science and Diploma in Mineral Exploration from the Royal School of Mines, Imperial College.
He worked for four years as a Mining Geologist with Goldfields of South Africa in the early 1990s before joining Datamine International (UK) where he worked for 14 years joining as a consultant and being promoted to General Manager and Principal Mining Consultant. During his tenure he developed geological models, created mine designs, optimised mining schedules and worked with a client base that included several major mining companies as well as junior mining companies.
He is a qualified Competent Person for a range of commodities, including gold, base metals, coal and industrial minerals. In 2008 he joined Standard Bank as a Director and Technical Advisor where he had overall responsibility of technical approvals and “signing off” all mining finance deals and worked on deal transactions involving debt finance, corporate, off-takes, equipment finance, M&A, advisory and business recoveries.
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Mr Alastair James Middleton, aged 51, holds or has held the following directorships or partnerships in the past five years:
| Current: | Previous: | |
| There are no other current directorships | Furhome Limited |
Shareholding in the Company: none
Save as disclosed, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
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)207099 0738 | |||
| Sean Wyndham-Quin Neil Baldwin | Spark Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com | ||
| Nick Emerson Andy Thacker | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | ||
| Andrew Monk Andrew Raca | VSA Capital Limited (Joint Broker) | Tel: +44 (0)20 3005 5000 | ||
| Gordon Poole Sean Blundell | Camarco (Financial PR) | Tel: +44 (0)203 757 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 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.
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