Metal Tiger PLC has received more time to finalise securing an interest in the Boh Yai and Song Toh silver-lead mines in Kanchanaburi province of Thailand.
Metal Tiger paid US$80,000 in cash plus US$50,000 in shares to the owners for three months in order to perform due diligence on the mines and work out a formal joint venture agreement. All parties have now agreed to extend that period to August 20, 2016.

South East Asia Exploration and Mining (SEAM) is the group’s 90% owned joint venture partner in Thailand and Metal Tiger is buying out SEAM’s Thai interests.

A Metal Tiger spokesperson said, “Our work with the existing owners has been highly productive and the parties have agreed a workable approach across all material elements of the proposed commercial agreement.

“We have been impressed with the professionalism and diligence of the mine owners to secure a fair and reasonable commercial agreement.

“We look forward to finalisation of the corporate structure in the near term and reporting on the pathway to recommence production.”

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events