Source - BUS

Appointment of Financial Adviser and Broker to Secure Project Level Financing - Thailand

Metal Tiger plc

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:

Paul Johnson (Chief Executive Officer)       Tel: +44 (0)7766 465 617
Terry Grammer (Non-Executive Chairman)   Tel: +44 (0)207 099 0738
Sean Wyndham-Quin


Neil Baldwin

Spark Advisory Partners Limited


(Nominated Adviser)

Tel: +44 (0)2033 683 555

Nick Emerson


Andy Thacker

SI Capital


(Joint Broker)

Tel: +44 (0) 1483 413 500
Andrew Monk

Andrew Raca

Financial Adviser and Joint Broker Tel +44 (0) 20 3005 5000

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.

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