Metal Tiger plc Directorate Change
16 January 2017 - 6:00PM
UK Regulatory
TIDMMTR
Metal Tiger Plc ("Metal Tiger" or the "Company")
Directorate Change
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce the appointment of Mark Potter as a Company
Non-Executive Director with immediate effect. The Company also
announces the resignation of Paul Johnson as Non-Executive Director
with immediate effect.
Michael McNeilly, Chief Executive Officer of Metal Tiger plc
commented: "I am very pleased to welcome Mark Potter to the Board
of Metal Tiger. Mark has a wealth of relevant industry experience
and knowledge and this, coupled with his investment track record,
strategic and financial investor base and access to capital, will
add tremendous value to the Company. I believe we have secured a
key individual who complements and significantly enhances the
current range of skills of our Board. I very much look forward to
working with him and the rest of the team at Metal Tiger going
forward and believe that there are exciting times ahead for the
Company as we grow the investment proposition through seeking new
high impact investments and further develop relationships with
strategic and institutional investors as we unlock the value of our
core projects.
Paul, as the ex-CEO of Metal Tiger, has been a key part in this
Company's journey to where it is today and he stepped back in to
assist at a critical time in the Company's evolution. Paul has left
to pursue other interests and the Board and I would like to thank
him for his tremendous contribution to Metal Tiger and wish him
success in his other ventures."
Mark Potter, Non-Executive Director of Metal Tiger plc
commented: "I am delighted to join the Board of Metal Tiger and
look forward to assisting the Company identify new investment
opportunities as well as develop and progress the existing project
portfolio.In particular, the Company's interest in the high grade
copper project in Botswana, provides shareholders with an
economically robust project in an established mining jurisdiction
at the current copper price, with the scope for substantial value
creation through exploration, which I am confident will attract
significant strategic and financial investor interest."
Director background:
Mark is the Founder and a Partner of Sita Capital Partners LLP,
an investment management and advisory firm specialising in
investments in the mining industry. He was formerly a Director and
Chief Investment Officer of Anglo Pacific Group, a London listed
natural resources royalty company, where he successfully led a
turnaround of the business through acquisitions, disposals of
non-core assets, and successful equity and debt fundraisings. Prior
to Anglo Pacific, Mark was a founding member and Investment
Principal for Audley Capital Advisors LLP, a London based activist
hedge fund, where he was responsible for managing all natural
resources investments. Mark worked on several landmark deals in the
mining sector including the successful distressed investment and
turnaround of Western Coal Corp and its $3.3bn sale to Walter
Energy Inc. Mark invested over $300mm during the period 2005 to
2012 in the mining sector, generating P&L in excess of $600mm
and realised proceeds of over $900mm. The Audley European
Opportunities Fund was nominated by Eurohedge as a top performing
hedge fund in the event-driven space for 2006, 2007 and 2010. Prior
to Audley Capital, Mark worked in corporate finance for Salomon
Smith Barney (Citigroup) and Dawnay, Day, a private equity and
corporate finance advisory boutique and completed over $2bn of
M&A, equity and debt transactions. Mark graduated with an MA
degree from Trinity College, University of Cambridge.
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Mr Mark Roderick Potter, aged 40, holds or has held the
following directorships or partnerships in the past five years:
Current: Previous:
Anglo Pacific Group plc
Sita Capital Partners LLP Anglo Pacific Cygnus Limited
Sita Capital Limited Southern Cross Royalties Limited
Shetland Talc Limited
Centaurus Royalties Limited
Shareholding in the Company: 6,000,000
Save as disclosed, there are no other disclosures required in
relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules
for Companies.
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)207099 0738
Director
& Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Limited 2033 683 555
Neil Baldwin (Nominated Adviser) www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203 757 4980
Sean Blundell (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, and Thailand.
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/20170115005082/en/
This information is provided by Business Wire
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