Metal Tiger PLC Strategic Investment in ZimNRG (8367O)
February 11 2016 - 10:45AM
UK Regulatory
TIDMMTR
RNS Number : 8367O
Metal Tiger PLC
11 February 2016
Metal Tiger Plc
11 February 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Strategic Investment in ZimNRG
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce an investment in ZimNRG plc (ISDX:ZIMO) ("ZimNRG"),
subject to ZimNRG shareholder approval.
Metal Tiger is to invest GBP50,003 to acquire 19,027,268 shares
or a 28.25% holding in ZimNRG plc, a resource investing company
quoted on the ISDX market under the trading symbol ZIMO. The
investment in ZimNRG is conditional upon ZimNRG shareholder
approval at a forthcoming General Meeting on 11 March 2016. A full
copy of the circular issued in relation to this General Meeting can
be viewed on the ZimNRG website
(http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=11071).
Following shareholder approval, ZimNRG will change its name to
MetalNRG plc and will adopt a new investing policy as outlined in
the circular referenced above.
The investment in ZimNRG is the first step in the broadening of
the Metal Tiger network of interests in other publicly listed
companies through transactions providing Metal Tiger a significant
proportionate holding. Subject to ZimNRG shareholder approval Paul
Johnson, CEO of Metal Tiger, is to join the Board of ZimNRG as a
Non-Executive Director in order to oversee MTR's investment. In the
year ended 28 February 2015, ZimNRG made loss after tax of
GBP28,588. ZimNRG has net assets GBP137,972 as at 31 August
2015.
Paul Johnson, Chief Executive Officer of Metal Tiger plc
commented: "Metal Tiger is currently working with a number of ISDX
and AIM quoted companies to form strategic working relationships
and provide a network of channels through which investment
initiatives and opportunities can be channelled. ZimNRG (MetalNRG)
is the first such relationship to crystallise.
If one assumes we are at or near the bottom in the mineral
sector cyclical downturn, then we sit with a tremendous opportunity
to create value from natural resource investing opportunities. By
channelling some of our energy and ideas into third party vehicles,
in which Metal Tiger holds a material stake, we can continue to
drive the value of the Metal Tiger business as a whole."
For further information on the Company, visit:
www.metaltigerplc.com:
Paul Johnson Tel: +44 (0)7766
(Chief Executive 465 617
Officer)
Terry Grammer Tel: +44 (0)207
(Non- Executive 099 0738
Chairman)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0) 2033
Neil Baldwin Limited 683 555
Nick Emerson (Nominated Adviser) www.sparkadvisorypartners.com
Andy Thacker SI Capital Tel: +44 (0) 1483
(Sole Broker) 413 500
Notes to Editors:
Metal Tiger plc is a natural resources focused investing company
quoted on the London Stock Exchange AIM Market ("AIM") with the
trading code MTR and two investment divisions, Direct Projects and
Direct Equities.
The Direct Projects division invests in mineral exploration
projects operated by trusted partners on the ground. Projects are
selected for their strategic significance in terms of commodity,
location and commerciality factors. Key strategic investments to
date include Spanish Gold & Tungsten, Thai Gold, Copper &
Antimony, and Botswanan Copper & Silver.
The Direct Equities division invests in quoted natural resource
explorers and developers, with a combination of shares and warrants
and seeks generate trading profits for reinvestment into the Direct
Projects division.
Metal Tiger'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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 11, 2016 10:45 ET (15:45 GMT)
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