Metal Tiger PLC Thailand Mineral Act 2016 Update
December 14 2016 - 4:13AM
RNS Non-Regulatory
TIDMMTR
Metal Tiger PLC
14 December 2016
Metal Tiger Plc
14 December 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Thailand Mineral Act 2016 Update
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to provide an update with regard to the drafting of a
new Mineral Act in Thailand.
On 8(th) December 2016 the Thai National Legislative Assembly
approved a draft of the Mineral Act 2016. The draft will enter the
legislature subject to the signature of King Maha
Vajiralongkorn.
Following an initial review the Company is pleased to confirm
the Mineral Act proposed includes a number of positive and
progressive changes to the original legislation that will further
support diligent and respectful investors in Thailand to undertake
mineral exploration and development work.
The Company's joint Venture partner Metal Tiger Thailand is
currently undertaking a full review of the proposed Mineral Act and
will provide a further and fuller update to market in due
course.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc
commented: "Metal Tiger is pleased to be able to report with regard
to the proposed Mineral Act 2016 which we consider represents a
significant positive step forward.
Our Joint Venture partners Metal Tiger Thailand has assembled a
strong team focused on Thailand mineral exploration, development
and production. The strategic value of our investment in Metal
Tiger Thailand is bolstered materially by positive developments of
this nature in the legislature.
The Company considers that Thailand has exceptional geology and
we have invested on the basis of building one of the strongest
strategic operations in-country.
Metal Tiger Thailand is focused on working in a manner
respectful of the Thai people and the legal/regulatory structures
in place and we look forward to providing a fuller update to market
in due course."
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44 (0)20 7099
Executive Officer) 0738
Keith Springall (Finance Tel: +44 (0)20 7099
Director & Company 0738
Secretary)
Sean Wyndham-Quin Spark Advisory Tel: +44 (0) 2033
Neil Baldwin Partners Limited 683 555
(Nominated www.sparkadvisorypartners.com
Adviser)
Nick Emerson SI Capital Tel: +44 (0)1483
Andy Thacker (Joint Broker) 413 500
Andrew Monk VSA Capital Tel: +44 (0)20 3005
Andrew Raca Limited 5000
(Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203
Sean Blundell (Financial 757 4980
PR)
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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