Metal Tiger accelerates Thai expansion plans

BANGKOK: Metal Tiger, a UK-based natural-resources investing company, plans to materially expand and accelerate its exploration and development interests in Thailand.

As announced on October 7, Metal Tiger had an option to acquire outright its joint venture with Southeast Asia Mining (SEAM), as announced on October 28 last year.

Metal Tiger has now exercised that option and will undertake the acquisition, which will see the company hold a net 90 per cent of the original joint-venture interests. In addition, following a review of SEAM's wider Thai operations, including the work undertaken during the board's country visit last month, Metal Tiger has negotiated an additional option to acquire the Thailand interests of SEAM's Canadian parent, Southeast Asia Mining Corp (SEA).

This includes SEAM and two other SEA subsidiaries, eight prospecting-licence applications surrounding historical lead-silver-zinc mines in Western Thailand, |two mining-lease applications |that overlay historical mining-|lease applications in the area, |plus the exploration and mining database compiled by SEAM |during its operations in Thailand since its incorporation in 2006.

Cameron Parry, chief executive officer of Metal Tiger, said the company was delighted to announce the exercise of Metal Tiger's option to acquire the original Thailand joint venture entered into with SEAM last year.

Further option

"Building on this initial transaction, we are delighted to announce the further option to significantly expand our Thai interests through the potential acquisition of SEAM and the remaining Thai interests of its Canadian parent entity, SEA," he said.

"Metal Tiger was founded with one of its key objectives to build substantial precious and strategic metals interests in Southeast Asia. This new option comes after five years of extensive work in Thailand and developing a working relationship with SEAM over the past three-and-a-half years.

"The Metal Tiger board are of the view that Thailand offers unique and substantial exploration and development opportunities |for companies with a good understanding of the operating environment in the natural-resources sector and how to conduct operations on the ground.

"Metal Tiger has established a team in-country that is already highly active in the enhancement of our existing interests and in the proactive search for new opportunities," the CEO added.

"Should the additional option to acquire SEA's Thai interests be exercised and proceed, it will mark a major strategic increase in Metal Tiger's commitment to secure, and capacity to realise, commercial opportunities in Thailand.

Source: http://www.nationmultimedia.com/business/Metal-Tiger-accelerates-Thai-expansion-plans-30273892.html

-- The Nation 2015-11-28

With metal prices in the toilet , is it really the time for expansion?

With metal prices in the toilet , is it really the time for expansion?

Everything is in the toilet metals are no exception. Rose colored glasses are just flying off of the shelf.