9 Jan 2018 08:34
9 December 2017
Metal Tiger Plc ("Metal Tiger" or the "Company")
Kingsgate Consolidated General Meeting
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that all resolutions it proposed at Kingsgate Consolidated’s General Meeting in Sydney today were unsuccessful. Metal Tiger plc is Kingsgate Consolidated Limited’s largest shareholder with circa 8.623% of the Company. However, the Board is of the opinion that the outcome demonstrated strong support for change among both institutional and retail investors and is currently assessing options with regards to its stake in Kingsgate Consolidated Limited.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented:
“The close result highlights the fact that many investors supported Metal Tiger’s views. We presented a clear vision to restore and ultimately deliver value based on the reopening of Chatree, and we are encouraged that so many shareholders recognised this. We also note the Government of Thailand said in a recent media release that a properly managed reactivation of Chatree would be mutually beneficial to the mine’s owner and to Thailand. The government also said far more can be achieved through amicable negotiations than through arbitration.”
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)20 7099 0738 | |||||||
| Stephen Allen or Bhavesh Patel | RFC Ambrian Ltd (Nominated Adviser) | Tel +44 (0)20 3440 6800 | ||||||
| Jonathan Williams | RFC Ambrian Ltd (Joint Broker) | Tel +44 (0)20 3440 6800 | ||||||
| Nick Emerson | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | ||||||
| Gordon Poole James Crothers | Camarco (Financial PR) | Tel: +44 (0)20 3757 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, 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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