Metal Tiger PLC Investment Strategy Update & Executive Appointment (1850D)
January 27 2015 - 2:01AM
UK Regulatory
TIDMMTR
RNS Number : 1850D
Metal Tiger PLC
27 January 2015
METAL TIGER PLC
27 January 2015
Metal Tiger plc
("Metal Tiger" or the "Company")
Investment Strategy Update and Executive Appointment
Metal Tiger Plc (LON: MTR), the natural resources investing
company, is pleased to update shareholders with regard to the
Company's progression of its strategic direction and latest
developments.
The Board of Metal Tiger recognises that currently there is a
window of opportunity for a well funded company able to identify,
negotiate and invest in undervalued resource opportunities. Metal
Tiger's business model and management structure has evolved to
seize this opportunity and maximise returns for shareholders.
Strategic Investment Update
Metal Tiger has established two distinct investment divisions as
outlined below.
Direct Project Investments
Metal Tiger continues to build its direct project investment
base. This portfolio includes:
-- Thailand precious and base metals opportunities - first prospecting licence already granted;
-- Negotiations in process on gold exploration interests in Spain;
-- Due Diligence ("DD") complete and Joint Venture ("JV")
documentation underway with Kibo Mining Plc ("Kibo") for
exploration of Uranium-prospective areas in Tanzania;
-- Working collaboration with Eurasia Mining Plc ("Eurasia") on new project development;
-- DD in process for a JV with Kibo on a portfolio of
gold-prospective properties located in Tanzania; and
-- Expanding project opportunity pipeline with European, African
and South East Asian precious metals exploration targets.
Direct Equity Investments
Recognising the extremely low market valuations of many listed
junior resource companies, Metal Tiger has identified an
opportunity to provide funding to companies that meet Metal Tiger's
selection criteria. Metal Tiger is particularly keen to support
those companies whose near term news flow is indicated to include
potentially transformational information, the prospect of which,
the Directors believe has not been fully factored into the
company's share price by the market.
Metal Tiger's financing proposals are deliberately structured in
a manner that supports each investee company's desire for
reasonably priced working capital and provides a mechanism for
further funding should the investee company achieve its objectives,
whilst providing Metal Tiger shareholders with significant
potential upside.
This bespoke financing approach has to date included a
combination of direct investment in shares with premium-priced
warrants.
To date Metal Tiger has made two material investments, one in
Kibo (LON:KIBO) and the other in Eurasia (LON:EUA). Further direct
equity investments are under review at present and the Company
intends to continue to innovate with regard to financing structures
as additional transactions are entered into.
Metal Tiger has also established a portfolio of direct on-market
purchased equity investments in small AIM listed natural resource
juniors, applying stock selection analysis similar to that used for
the Company's larger scale direct equity acquisitions. This
portfolio continues to evolve as and when suitable opportunities
present.
Management Structure Update
Recognising the development of Metal Tiger since its launch in
mid-2014 and the increasingly active investing operations outline
above, Metal Tiger is pleased to announce the appointment of Mr
Paul Johnson from Non-Executive Director to Executive Director, to
share the work and responsibilities of identification, assessment
and management of the Company's investments.
In line with the move to Executive status, it is the Company's
intention to increase Paul Johnson's management share options to 5
million in total, in line with Metal Tiger's existing Executive
Director, CEO Cameron Parry. This will require the issue of an
additional 3.33m share options, the exercise price of which is
expected to be set at 1.75p per share with a three year exercise
period from date of issue. These new management options will be
formally confirmed to the market subject to the Company not being
in a close period.
Metal Tiger's CEO, Cameron Parry, commented: "Metal Tiger was
created to commercially exploit the undervalued opportunities in
the current landscape of the junior exploration sector, building
value for its shareholders. The knowledge and connections of Metal
Tiger's team are extensive and we are working hard to rapidly grow
our investment base with high-value potential assets. Metal Tiger's
structure and strategy enables us to dynamically drive the Company
forward, and as part of this I am delighted that Paul Johnson has
increased his day-to-day commitment to Metal Tiger and joins me as
an Executive Director of the Company.
With carefully constructed direct project investment
partnerships, both general, e.g. Eurasia collaboration, and
specific, such as the Kibo uranium JV, combined with shrewd direct
equity investing, we believe there is an opportunity to build
tremendous value for our shareholders in 2015."
For further information on the Company, visit:
www.metaltigerplc.com:
Cameron Parry Tel: +44 (0)207
(CEO) 099 0738
Paul Johnson Tel: +44 (0)7766
(Non-Executive 465 617
Director)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0) 2033
Neil Baldwin Limited 683 555
(Nominated Adviser)
Nick Emerson SI Capital Limited Tel: +44 (0) 1483
Andy Thacker (Sole Broker) 413 500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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