Thai JV Spinout and Update on Thai Minerals Act

LONDON--(BUSINESS WIRE)--

Metal Tiger Plc

("Metal Tiger" or the "Company")

Thai JV Spinout and Update on Thai Minerals Act

Metal Tiger Plc , the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to advise that the Company has completed a successful pre-IPO private placing with High Net Worth and Sophisticated Investors for KEMCO Mining PLC (“KEMCO”), which will be the listing vehicle for the Company’s Thai JV.

Highlights:

• Placing of 514,500 fully paid Warrants to subscribe for one ordinary share each in KEMCO upon successful admission to AIM, at a 20% discount to the admission price, raising gross proceeds of £514,500
• Contingent upon successful admission to AIM, a further warrant to subscribe for ordinary shares in KEMCO at a 50% premium to the admission price within a 24 month exercise period. These further warrants are to be issued on a one for one basis by reference to the number of KEMCO shares issued as a result of the placing warrants
• Should the admission of KEMCO not occur by 13 October 2017, the warrants will automatically convert into Metal Tiger shares by reference to the 15 day VWAP following this date, less 20%
• Should MTR announce via RNS that the IPO of KEMCO will no longer occur, the warrants will automatically convert into MTR shares by reference to the 15 day VWAP following the date of the announcement, less 20%
• Participation of both MTR Directors and prospective KEMCO directors, along with employees of both companies totalled £67,000 (MTR Directors participated for £35,000)
• Strong support from existing MTR shareholders
• Proceeds to be used to fund IPO costs and for ongoing working capital of Thai operations

Separate to the pre-IPO fund raise, since 1st January 2017 to date, Metal Tiger has provided funding of approximately £590,000 to the Thai JV to cover working capital and advisers’ costs. Metal Tiger will likely contribute further moderate sums to support the Thai operations between now and completion of the Kemco Mining IPO.

Thai Minerals Act

Metal Tiger PLC is also pleased to announce that the new Minerals Act has been signed by the King of Thailand and will be in force on 30 August 2017. The signing of the draft and its subsequent implementation has come quicker than we had previously anticipated, removing a key element of timetable uncertainty in the permitting process. We are pleased that our Thai partners will be in a position to make submissions to the relevant authorities at an earlier date and have full confidence that they will make the strongest possible case for the permitting of both Boh-Yai and Song-Toh historical mines.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: “We are delighted to have closed this pre-IPO funding round for KEMCO which has received strong support from existing MTR shareholders and the directors and employees of both companies. This demonstrates a confidence in the quality of our Thai JV assets and their potential as a standalone entity and creates a solid foundation for the IPO.

We are also very pleased the new Minerals Act has been signed ahead of expectations. This demonstrates the Thai Governments long term commitment to the extractive industry. We look forward to continuing to work closely with our Thai JV partners to make the IPO a success.”

Metal Tiger Directors Investment

Name	Amount Invested	Warrants Received
Charles Hall	£25,000	25,000
Michael McNeilly	£5,000	5,000
Geoff McIntyre	£5,000	5,000

For further information on the Company, visit: www.metaltigerplc.com:

Michael McNeilly(Chief Executive Officer)		Tel: [phone]
Keith Springall (Finance Director & Company Secretary)		Tel: [phone]
Sean Wyndham-Quin Neil Baldwin	Spark Advisory Partners Limited (Nominated Adviser)	Tel: [phone]   www.sparkadvisorypartners.com
Nick Emerson Andy Thacker	SI Capital (Joint Broker)	Tel: [phone]
Andrew Monk Andrew Raca	VSA Capital Limited (Joint Broker)	Tel: [phone]
Gordon Poole James Crothers	Camarco (Financial PR)	Tel: [phone]

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 Metal Tiger 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 AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.

Category Code: MSCH

Sequence Number: 579020

Time of Receipt (offset from UTC): 20170307T072112+0000