METAL TIGER PLC: Appointment of Non-Executive Director
October 01 2020 - 2:00AM
UK Regulatory
TIDMMTR
1 October 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Appointment of Non-Executive Director
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
the appointment of David Wargo to the board of directors of the
Company (the "Board"), as a Non-Executive Director, with immediate
effect.
David Wargo is a senior natural resource investment banker with
over 21 years of experience in the mining industry and banking
industry. He is currently a managing director of Investment Banking
at Sprott Capital Partners ("SCP"), a division of Sprott Inc.
("Sprott"). Prior to this, he held a number of senior positions,
including as a managing director of the Investment Banking Division
at GMP Securities L.P. David has an industry background, having
worked for 10 years as a chemical engineer in the mining and oil
and gas sectors. David holds an Executive MBA.
Additional information on Mr Wargo, pursuant to paragraph (g) of
Schedule Two of the AIM Rules for Companies is set out below.
Charles Hall, Chairman of Metal Tiger, commented:
"The Board and I are delighted to welcome David to the Company
at an exciting time in its growth. David's appointment will
complement the Board greatly, bringing his specialist knowledge and
contact base as a senior natural resources investment banker with a
strong technical background. His position with Sprott Capital
Partners will also be of benefit to the Company as we continue to
focus on growing the business opportunistically in today's
market."
Additional information on Mr. David Alan Wargo (Aged 49)
Current Directorships Past Directorships (last five years)
Cateus Capital Inc Starmode Limited
David Wargo currently holds 100,000 ordinary shares in Metal
Tiger.
Mr Wargo is currently a managing partner at SCP, the investment
banking division of Sprott. Exploration Capital Partners 2014 Ltd
("ECP"), the Company's largest shareholder, owning 13.47%, forms
part of Sprott Global Partners ("SGP"), one of the investment
management arms of Sprott. SCP and SGP are two independent
divisions of Sprott, on separate sides of the 'chinese wall'.
Accordingly, Mr Wargo has no control or discretion over the Metal
Tiger shares held by ECP and is therefore not considered to have
any interest, indirect or otherwise, in such shares.
This announcement contains inside information for the purposes
of the market abuse regulation (EU No. 596/2014) ("MAR").
For further information on the Company, visit:
www.metaltigerplc.com
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited (Nominated Tel +44 (0)20 7409 3494
James Dance Adviser)
Jack Botros
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") with the trading code MTR and
invests in high potential mineral projects with a base, precious
and strategic metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX: SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
END
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200930005920/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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