Metal Tiger (LON:MTR)
Metal Tiger (LON:MTR) has made application to the High Court to cancel the existing share premium account to accommodate any future distribution of cash or equity as realized from activities in its Metals Projects division.
MTR also is expanding its Asset Trading division to enable a higher level of activity in the Metal Project division with dedicated staff time. To that end, Alex Borrelli, non-executive director is moving up to the CEO role effective from 17 October, 2016 to replace Paul Johnson who moves to a consulting role in new project development and investor relations. A new non-executive director will be appointed in coming days.