Business
Strategic Update, Board Changes & Director ...
Strategic Update, Board Changes & Director ....
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n \n23 February 2018\n\nMetalNRG PLC(the \"Company\" or “MetalNRGâ€)\n\nStrategic Update, Board Restructuring and Director Financing\n\nMetalNRG plc (NEX:MNRG), the natural resource investing company quoted on the NEX Exchange Growth Market in London is pleased to provide a business update to shareholders encompassing a strategic update, board restructuring and director financing.\n\nHighlights:\n\n• MetalNRG continues to build its portfolio with Cobalt, Lithium and Gold opportunities in North America (USA/Canada) and Western Australia (including the Pilbara);\n\n• Project review work undertaken has created a pipeline of new resource projects and other investment opportunities particularly in recent months;\n\n• The range of opportunities identified are more than MetalNRG could house internally and the Company has identified a route to secure shareholder value by assisting project owners with access to new investment, application of commercial management and where appropriate assist these entities in making application to trading on the NEX Exchange Growth Market or the Standard List of the London Stock Exchange;\n\n• MetalNRG has progressed a number of potential new company initiatives and is now preparing, with advisors, to secure London Stock Exchange Standard List admissions for a new resource investing company and thereafter a number of new operating companies which will generally be focused on commodity or geography specific resource opportunities;\n\n• In addition, the Board is considering moving MetalNRG to the standard segment of the London Stock Exchange to improve traded liquidity and provide wider access to capital for the Company;\n\n• To ensure maximum efficiency and focus in pursuing MetalNRG‘s new development plan, Paul Johnson has stepped down as the Company’s Chief Executive Officer and the Company has appointed Rolf Gerritsen as Ch...