Metal Tiger plc Result of Meeting
06 Novembre 2019 - 12:48PM
UK Regulatory
TIDMMTR
6 November 2019
Metal Tiger plc
("Metal Tiger" or the "Company")
Results of General Meeting
Metal Tiger, the London Stock Exchange AIM listed investor in
strategic natural resources opportunities, is pleased to announce
that at the General Meeting of the Company held earlier today, the
resolution placed before the meeting was approved.
A further announcement will be made in due course setting out
the parameters and mechanics of any share buy-back following the
anticipated entering into of a sale facility agreement between the
Company and its broker, Arden Partners plc ("Arden"). Shareholders
should note that the Company can only enter into a sale facility
agreement to effect a share buy-back when it has determined that it
is not in possession of price sensitive information or otherwise in
a closed period (either being defined as a "Closed Period"). If a
sale facility agreement is entered into, amongst other things, it
will enable Arden to effect, on the Company's behalf, the share
buy-back during a Close Period (until such time as the facility
expires or is exhausted).
For further information on the Company, visit:
www.metaltigerplc.com
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited Tel +44 (0)20 7409 3494
James Dance (Nominated Adviser)
Jack Botros
Steve Douglas Arden Partners plc Tel: +44 (0)20 7614 5900
Paul Shackleton (Broker)
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
Monique Perks
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: Direct Equities
and Direct Projects.
The Direct Equities Division invests in undervalued natural
resource companies. The majority of its investments are listed on
AIM, the TSX and the ASX, which includes its 3.5% interest in
Sandfire Resources NL (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 in the Direct Projects Division.
The Direct 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 through its interest
in Kalahari Metals Limited. 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 lead/zinc/silver mines as well as licences,
applications and critical historical data covering antimony,
copper, gold, lead, zinc and silver opportunities.
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191106005488/en/
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(END) Dow Jones Newswires
November 06, 2019 06:48 ET (11:48 GMT)
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