Metal Tiger plc Appointment of Financial Adviser and Broker to Secure Project Level Financing - Thailand
October 05 2016 - 2:00AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
5 October 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Appointment of Financial Adviser and Broker to Secure Project
Level Financing - Thailand
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce that it has appointed VSA Capital as Financial Adviser and
Broker to secure project level financing in respect of the
Company's Thai interests.
Key points:
-- VSA to initiate investor research on Metal Tiger with a specific focus
on the Thai interests;
-- VSA will combine with SI Capital and Spark Advisory Partners to
explore strategic options for the Company's Thai mineral
opportunities
either through IPO, reverse takeover or joint venture
agreements;
-- As part of the review of strategic options, VSA will also explore
sources of project level financing for the Company's interests
in
Thailand;
-- The Board believes that VSA's industry knowledge and access to capital
in Asia will be of great assistance in this regard; and
-- MTR and members of the Thai joint venture intend to conduct a
preliminary roadshow in Hong Kong in the near term.
Paul Johnson, Chief Executive Officer of Metal Tiger said "I am
very pleased to announce the appointment of VSA Capital which will
enable the Company to access strategic project level financing for
Thailand and its investments in-country.
Metal Tiger was pleased to conclude the commercial agreement in
respect of the Boh Yai and Song Toh silver-lead-zinc mines in
Thailand. This agreement now enables us to explore corporate
transactions that will provide this and other Thai projects with a
platform to access their own funding as well as demonstrate the
true value of each interest, which the board believe has not been
properly reflected in the market value of the Company.
The Metal Tiger board are keen to see all the Company's current
and future investing interests stand on their own feet
commercially. This means project level financing and the
introduction of vehicles through which the Company may realise the
value created through its early support of these projects and
consequently the Board will look to share some of that value
through future distributions to shareholders.
In the specific case of Thailand, we believe there is an
outstanding investment case for foreign investment in Thai resource
opportunities, and Metal Tiger Thailand has the team in place to
manage and advance such opportunities. Thailand has extensive
geological potential, and with an appropriate due respect and
regard for environmental protection and community support, we
believe incoming capital will be well-rewarded for demonstrating
belief and commitment in the opportunity to support Thai resource
companies such as Metal Tiger Thailand."
About VSA Capital:
VSA is an international investment bank with offices in London
and Hong Kong with extensive experience in private equity, mergers
and acquisitions and alternative financing transactions for natural
resources companies. VSA have assisted both private and public
companies with transactions on several major exchanges.
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
(Nominated Adviser) www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)
1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk Financial Adviser Tel +44 (0) 20 3005 5000
Andrew Raca and Joint 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/20161004006373/en/
This information is provided by Business Wire
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October 05, 2016 02:00 ET (06:00 GMT)
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