Metal Tiger Plc
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 Companys journey to where it is today and he stepped back in to assist at a critical time in the Companys 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 Companys 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
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