Tiger Resource Finance PLC Net Asset Value(s) (6930D)

TIDMTIR

RNS Number : 6930D

Tiger Resource Finance PLC

08 July 2016

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2016 was 0.80 pence per ordinary share.

Investments held by the Company as at 30/6/16

 
 Name                       Number of   Share price   Valuation 
                               shares 
------------------------  ----------- 
                                                GBP         GBP 
------------------------  -----------  ------------  ---------- 
 African Pioneer                          (see note 
  PLC                      59,529,532            2)     112,000 
------------------------  -----------  ------------  ---------- 
 Anglo American 
  PLC                          11,500        7.2690      83,594 
------------------------  -----------  ------------  ---------- 
 Ascent Resources 
  PLC                         482,142        0.0068       3,279 
------------------------  -----------  ------------  ---------- 
 Aurum Mining PLC           8,333,333        0.0090      75,000 
------------------------  -----------  ------------  ---------- 
 Duke Royalty Limited          20,000        0.4800       9,600 
------------------------  -----------  ------------  ---------- 
 ETFS Physical Platinum         2,250        72.003     162,007 
------------------------  -----------  ------------  ---------- 
 Galileo Resources 
  plc                      10,416,667        0.0105     109,375 
------------------------  -----------  ------------  ---------- 
 Jersey Oil and 
  Gas Plc                       3,300        0.2062         680 
------------------------  -----------  ------------  ---------- 
 Jubilee Platinum 
  PLC                       1,169,600        0.0280      32,749 
------------------------  -----------  ------------  ---------- 
 MX OIL PLC                   400,000        0.0088       3,520 
------------------------  -----------  ------------  ---------- 
 New World Oil and 
  Gas PLC                   5,000,000        0.0006       3,000 
------------------------  -----------  ------------  ---------- 
 Northern Petroleum 
  PLC                         294,118        0.0380      11,176 
------------------------  -----------  ------------  ---------- 
 PanContinental 
  Oil and Gas NL              885,714        0.0017       1,505 
------------------------  -----------  ------------  ---------- 
 Papua Mining PLC             230,000        0.0200       4,600 
------------------------  -----------  ------------  ---------- 
 Revelo Resources 
  Corp.                       216,667        0.0463      10,032 
------------------------  -----------  ------------  ---------- 
 Rex Bionics PLC                6,250        0.3250       2,031 
------------------------  -----------  ------------  ---------- 
 Rockrose Energy 
  Plc                         100,000        0.4550      45,500 
------------------------  -----------  ------------  ---------- 
 Sovereign Mines 
  of Africa Plc             2,000,000        0.0029       5,800 
------------------------  -----------  ------------  ---------- 
 Sunrise Resources 
  PLC                         665,000        0.0017       1,131 
------------------------  -----------  ------------  ---------- 
 Tertiary Minerals 
  PLC                       1,330,000        0.0138      18,354 
------------------------  -----------  ------------  ---------- 
 
 Total Investments                                      694,933 
------------------------  -----------  ------------  ---------- 
 
 
 
 
 

Notes:

1) The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 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 and is valued on the basis of Tiger's share of APP's net assets on 30 June 2016 for the purpose of computing the quarterly PV.

   3)   Cash funds held by the Company at 30 June 2016 amounted to GBP410,014. 

4) 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 30 September 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Tiger Resource Finance Plc

   Bruce Rowan, Chairman                                                Tel: [phone] 
   Raju Samtani, Director                                                   Tel: [phone] 

finnCap Limited (Nominated Adviser)

   Christopher Raggett/Scott Mathieson                             Tel: [phone] 

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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July 08, 2016 06:50 ET (10:50 GMT)