MTR.L Regulatory News (MTR)

2 Jul 2018 07:00

02 July 2018

Metal Tiger plc

("Metal Tiger" or the "Company")

Directorate Change and Option Extension

Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resources opportunities, today announces the appointment of Mark Potter as Chief Investment Officer.

Mark Potter, a current Board member, will take on the executive role as Chief Investment Officer effective immediately. Mr Potter has over 15 years of international investment experience in the mining sector and is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry. He was formerly a Director and Chief Investment Officer of London Stock Exchange listed Anglo Pacific Group PLC, where he successfully led a turnaround of the business through acquisitions, disposals of non-core assets and successful equity and debt fundraisings. Prior to Anglo Pacific Group he was a fund manager at Audley Capital Advisors LLP, a natural resources investor.

Mr Potter was appointed to the Board of Metal Tiger as a Non-Executive Director on 16 January 2017.

The Board has also decided to extend Terry Grammer’s 3,330,000 options at 2p which were due to expire today for a period of 90 days until 30 September 2018. The Board has taken this decision as the Directors are currently in a close period for dealing in the Company’s securities.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:

“On behalf of the Board, I am delighted to welcome Mark into his new position as Chief Investment Officer. Mark has contributed significantly in his role as a Non-Executive Director and it is the Board’s belief that he will add significant value to the executive team and I personally look forward to working with him more closely on a day-to-day basis.

Mark’s extensive investment and listed company experience will be of significant value to Metal Tiger as we manage existing investments and consider further investment opportunities to deliver growth.”

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, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180701005099/en/

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