Metal Tiger plc Kingsgate Consolidated General Meeting
January 09 2018 - 3:34AM
UK Regulatory
TIDMMTR
9 December 2017
Metal Tiger Plc("Metal Tiger" or the "Company")
Kingsgate Consolidated General Meeting
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, announces
that all resolutions it proposed at Kingsgate Consolidated's
General Meeting in Sydney today were unsuccessful. Metal Tiger plc
is Kingsgate Consolidated Limited's largest shareholder with circa
8.623% of the Company. However, the Board is of the opinion that
the outcome demonstrated strong support for change among both
institutional and retail investors and is currently assessing
options with regards to its stake in Kingsgate Consolidated
Limited.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc
commented:
"The close result highlights the fact that many investors
supported Metal Tiger's views. We presented a clear vision to
restore and ultimately deliver value based on the reopening of
Chatree, and we are encouraged that so many shareholders recognised
this. We also note the Government of Thailand said in a recent
media release that a properly managed reactivation of Chatree would
be mutually beneficial to the mine's owner and to Thailand. The
government also said far more can be achieved through amicable
negotiations than through arbitration."
For further information on the Company,
visit:www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)20 7099 0738
Director
& Company Secretary)
Stephen Allen or RFC Ambrian Ltd Tel +44 (0)20 3440 6800
Bhavesh Patel (Nominated
Adviser)
Jonathan Williams RFC Ambrian Ltd Tel +44 (0)20 3440 6800
(Joint Broker)
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
(Joint Broker)
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial 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,
the Company has tungsten and gold interests in the
highly-mineralised Extremadura region. In Thailand, Metal Tiger has
interests in two potentially near-production stage silver/lead/zinc
mines as well as 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 AIM or NEX Exchange (formerly ISDX) partner
with whom the Company is engaged.
View source version on
businesswire.com:http://www.businesswire.com/news/home/20180109005804/en/
This information is provided by Business Wire
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January 09, 2018 03:34 ET (08:34 GMT)
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