AGM Update and Statement

29 Jul 2016 14:23

Metal Tiger plc

(“Metal Tiger” or the “Company”)

AGM Update and Statement

Metal Tiger (LON: MTR), the natural resources investing company is pleased to advise that at the AGM held at 10.30am on Friday 29 July 2016 all resolutions placed before the meeting were passed. Details of the resolutions are provided below for reference purposes.

In addition, following the passing of the resolutions, the following statement from Terry Grammer, Chairman of Metal Tiger, was released at the meeting:

I am pleased to attend the 2016 AGM of Metal Tiger which marks a highly significant period of activity for the Company.

When Metal Tiger was created in mid-2014 we were keen to utilise the vehicle as a means to identify outstanding opportunities in the mineral resource sector, with a view to creating significant returns for investors.

My own work in the mineral resource environment has shown how it is possible to secure substantial returns through the identification of underfunded and undervalued opportunities.

To do this you must have a contrarian perspective, and be willing to engage with exploration opportunities at a time when your investing peers would consider the mere prospect of investing in natural resources to be foolish and imprudent. If you share our passion for the mineral exploration and development sector, you will understand that your investing peers are not always right!

As Metal Tiger sits today we have major projects interests, valuable equity investments and a tremendous desire to continue to grow and advance our business.

In Botswana we have a substantial interest in a major copper-silver discovery. In Thailand we have diverse interests with our focus being a significant silver-lead-zinc mine and the prospect of metal production. And in Spain we are invested in a rapidly expanding business model which is yielding exploration data that drives us to expand our investments in-country.

Metal Tiger is becoming a diversified and robust resource investing business. Our market value has increased considerably since the last AGM with our investing performance outflanking many in the sector both in terms of innovation and returns. That said real returns are not generated in abstract, but through hard work, dedication and commitment. In this regard I thank the entire Metal Tiger team for their work ethic and results over the last year.

Most importantly thank you to all our shareholders who have been willing to support our business despite the challenges for resource investors during the difficult years of the sector downturn we have experienced.

A new natural resource sector dawn beckons - Metal Tiger is poised!

Resolutions Passed at the Metal Tiger plc Annual General Meeting, 29 July 2016 London

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 2015 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 BDO Stoy Hayward LLP as auditors of the Company and to authorise the directors to determine their remuneration.

Resolutions 3 – 5 Re-appointment of Directors

The re-election of Mr Cameron Parry and Mr Paul Johnson, following role changes as announced on 8 February 2016, and Mr Alex Borrelli. Each of Mr Parry, Mr Johnson, and Mr Borrelli being eligible, offers themselves for re-election or election.

Note: further to the Company's announcement of 12 July 2016, following Mr Cameron Parry's election to the board of Kolar Gold as Chief Executive Officer, in order to comply with AIM rules, he has stepped down from the board of Metal Tiger plc as of 28 July 2016 and therefore the resolution to appoint Mr Parry was withdrawn at the AGM. For information and based on proxy votes received Mr Parry would have been re-elected.

Resolution 6 – 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 £100,000. 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 7 – Disapply Pre-emption Rights

This resolution seeks to disapply pre-emption rights up to a maximum aggregate nominal value of £100,000.

Resolution 8 – Authorise electronic circulation of Documents

This resolution seeks to authorise the Company to send or supply documents or information to members electronically.

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 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.

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

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