TIDMTIR
RNS Number : 1340U
Tiger Resource Finance PLC
13 January 2017
Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update and change of Registered Address
The unaudited portfolio value ("PV") (based on investments and
cash only) at 31 December 2016 was 0.85 pence per ordinary
share.
Investments held by the Company as at 31/12/16
Name Number of Share price Valuation
shares
------------------------ -----------
GBP GBP
------------------------ ----------- ------------ ----------
African Pioneer (see note
PLC 59,529,532 2) 104,586
------------------------ ----------- ------------ ----------
Anglo American
PLC 11,500 11.600 133,400
------------------------ ----------- ------------ ----------
Ascent Resources
PLC 482,142 0.0173 8,341
------------------------ ----------- ------------ ----------
Duke Royalty Limited 20,000 0.4700 9,400
------------------------ ----------- ------------ ----------
ETFS Physical Platinum 2,250 70.2520 158,067
------------------------ ----------- ------------ ----------
ETFS Copper 1,760 19.89 35,006
------------------------ ----------- ------------ ----------
Galileo Resources
plc 10,416,667 0.0155 161,458
------------------------ ----------- ------------ ----------
Jersey Oil and
Gas Plc 3,300 1.2550 4,141
------------------------ ----------- ------------ ----------
Jubilee Platinum
PLC 1,169,600 0.0353 41,287
------------------------ ----------- ------------ ----------
MX OIL PLC 400,000 0.0110 4,400
------------------------ ----------- ------------ ----------
New World Oil and 5,000,000 - -
Gas PLC
------------------------ ----------- ------------ ----------
Northern Petroleum
PLC 294,118 0.0411 12,088
------------------------ ----------- ------------ ----------
PanContinental
Oil and Gas NL 885,714 0.0058 5,137
------------------------ ----------- ------------ ----------
Pantheon Resources 31,500 0.8000 25,200
------------------------ ----------- ------------ ----------
Papua Mining PLC 230,000 0.0103 2,369
------------------------ ----------- ------------ ----------
Revelo Resources
Corp. 216,667 0.0422 9,143
------------------------ ----------- ------------ ----------
Rex Bionics PLC 6,250 0.1950 1,219
------------------------ ----------- ------------ ----------
Rockrose Energy
Plc 100,000 0.4462 44,620
------------------------ ----------- ------------ ----------
Sovereign Mines
of Africa Plc 2,000,000 0.0043 8,600
------------------------ ----------- ------------ ----------
Sunrise Resources
PLC 665,000 0.0012 798
------------------------ ----------- ------------ ----------
Tertiary Minerals
PLC 1,330,000 0.0098 13,034
------------------------ ----------- ------------ ----------
Total Investments 782,294
------------------------ ----------- ------------ ----------
Notes:
1) The above PV calculation is based on 138,331,939 Ordinary
shares with a nominal value of 0.1 pence each ("Ordinary shares")
being the Company's issued share capital of 142,831,939 Ordinary
shares less 4,500,000 Ordinary shares held in treasury.
2) African Pioneer PLC ("APP") has now been delisted from ISDX
Markets and this investment is valued on the basis of Tiger's share
of APP's assets (cash and investments) as at 31 December 2016 for
the purpose of computing the quarterly PV.
3) The Aurum Mining Plc investment was sold during the quarter
ending 31 December 2016 for a total consideration of
221,426.78.
4) New World Oil and Gas Plc ("NWOG") shares are suspended from
trading and this investment is carried at nil valuation at 31
December 2016.
5) Rockrose Energy Plc shares were suspended from trading on 14
September 2016 pending the company's proposed acquisition of the
non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and
Telford (2.36%) fields from Maersk Oil North Sea UK Ltd. This
investment is carried at the prevailing share price prior to
suspension from trading.
6) Cash funds held by the Company at 31 December 2016 amounted to GBP388,312.98.
7) All future reporting will be made on a quarterly basis and
accordingly the next announcement will disclose the PV per share
and investments as at 31 March 2017. The Company will disclose its
investments on a quarterly basis when disclosing its PV.
The Company also announces that it has changed its UK registered
office address to 1st Floor, 7/8 Kendrick Mews, London SW7 3HG with
immediate effect.
For further information please contact:
Tiger Resource Finance Plc
Raju Samtani, Director Tel: +44 (0)207 581 4477
finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson Tel: +44 (0)207 220 0500
Beaufort Securities Limited (Joint Broker)
Jon Belliss Tel: +44 (0)207 382 8300
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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