6 Nov 2019 11:48
6 November 2019
Metal Tiger plc
("Metal Tiger" or the "Company")
Results of General Meeting
Metal Tiger, the London Stock Exchange AIM listed investor in strategic natural resources opportunities, is pleased to announce that at the General Meeting of the Company held earlier today, the resolution placed before the meeting was approved.
A further announcement will be made in due course setting out the parameters and mechanics of any share buy-back following the anticipated entering into of a sale facility agreement between the Company and its broker, Arden Partners plc (“Arden”). Shareholders should note that the Company can only enter into a sale facility agreement to effect a share buy-back when it has determined that it is not in possession of price sensitive information or otherwise in a closed period (either being defined as a “Closed Period”). If a sale facility agreement is entered into, amongst other things, it will enable Arden to effect, on the Company’s behalf, the share buy-back during a Close Period (until such time as the facility expires or is exhausted).
For further information on the Company, visit: www.metaltigerplc.com
| Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 7099 0738 | ||
| Mark Potter | (Chief Investment Officer) | |||
| Richard Tulloch James Dance Jack Botros | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 | ||
| Steve Douglas Paul Shackleton | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 | ||
| Gordon Poole James Crothers Monique Perks | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Direct Equities and Direct Projects.
The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in Sandfire Resources NL (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.
The Direct 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 through its interest in Kalahari Metals Limited. 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 lead/zinc/silver mines as well as licences, applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
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