MTR Metal Tiger Plc

 
TIDMMTR 
 
 

Metal Tiger Plc

12 September 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

Memorandum of Understanding Signed with Saudi Group

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Al-Sharif Group ("ASG") based in the Kingdom of Saudi Arabia ("Saudi Arabia") to explore mining and related financing opportunities globally, in the Gulf Cooperation Council ("GCC") region and also Saudi Arabia.

Key points of MOU:

 
 
    -- MTR and ASG to explore project level joint venture and/or 

co-investment opportunities with MTR both regionally and

internationally;

 
    -- ASG and MTR to consider access to capital from the GCC region for 

mining related opportunities;

 
    -- MTR to support ASG in developing its base of contacts and access to 

relevant quality expertise in the mining sector;

 
    -- ASG to introduce attractive mining opportunities in Saudi Arabia, the 

GCC region and possibly globally through its local and extended

network of contacts;

 
    -- ASG to work with MTR to enhance awareness in the GCC region and in 

particular Saudi Arabia of investment opportunities in mining; and

 
    -- MTR and ASG to discuss the viability of a UK listed 

investing/operating company focussed on mining opportunities globally

but with a focus on Saudi opportunities.

Paul Johnson the Chief Executive Officer of Metal Tiger commented: "We are very pleased to announce this MOU with ASG which provides a portal for Metal Tiger to access capital and new opportunities in Saudi Arabia, the GCC and globally.

The enthusiasm demonstrated by ASG to develop its interests in mining activities is very clear to us and we welcome this collaboration with them that we trust will yield tremendous mining finance and project opportunities for both parties.

Members of Metal Tiger senior management will be visiting Saudi Arabia in the near term to advance this partnership and the parties will also be engaging in London in due course.

Further information will be provided in respect of this MOU and the activities undertaken at the earliest opportunity."

Al-Sharif Group - Background Information

ASG is a leader in Saudi Arabia in providing energy through distribution and transmission and has an established presence in Saudi Arabia, with over 1,400 employees, 35 years of experience and having completed 73 projects for over 3,500 KM of transmission lines across Saudi Arabia. ASG's divisions include Civil Works, Power Generation, Over Head Transmission Lines, Under Ground Cabling and Substations Testing. ASG also has an investment & real estate management division. ASG have completed projects for the Kuwait Ministry of Electricity, Saudi National Guard, Saudi Royal Commission, Saudi Arabian Airlines, Saudi Ministry of Education, Saudi Electricity Company amongst others.

For further information on the Company, visit: www.metaltigerplc.com:

 
Paul Johnson (Chief                                       Tel: +44 (0)7766 465 617 
Executive Officer) 
Terry Grammer (Non-Executive                              Tel: +44 (0)207 099 0738 
Chairman) 
Sean Wyndham-Quin               Spark Advisory Partners   Tel: +44 (0)2033 683 555 
                                Limited 
Neil Baldwin                                              www.sparkadvisorypartners.com 
                                (Nominated Adviser) 
Nick Emerson                    SI Capital                Tel: +44 (0) 
                                                          1483 413 500 
Andy Thacker                    (Sole Broker) 
 
 

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, 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160911005040/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

September 12, 2016 02:00 ET (06:00 GMT)