Tiger Resource Finance PLC Net Asset Value(s) (2731M)

TIDMTIR

RNS Number : 2731M

Tiger Resource Finance PLC

12 October 2016

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2016 was 0.82 pence per ordinary share.

Investments held by the Company as at 30/9/16

 
 Name                       Number of   Share price   Valuation 
                               shares 
------------------------  ----------- 
                                                GBP         GBP 
------------------------  -----------  ------------  ---------- 
 African Pioneer                          (see note 
  PLC                      59,529,532            2)     118,741 
------------------------  -----------  ------------  ---------- 
 Anglo American 
  PLC                          11,500        9.6760     111,274 
------------------------  -----------  ------------  ---------- 
 Ascent Resources 
  PLC                         482,142        0.0117       5,641 
------------------------  -----------  ------------  ---------- 
 Aurum Mining PLC           8,333,333        0.0185     154,167 
------------------------  -----------  ------------  ---------- 
 Duke Royalty Limited          20,000        0.4940       9,880 
------------------------  -----------  ------------  ---------- 
 ETFS Physical Platinum         2,250       76.3635     171,818 
------------------------  -----------  ------------  ---------- 
 Galileo Resources 
  plc                      10,416,667        0.0120     125,000 
------------------------  -----------  ------------  ---------- 
 Jersey Oil and 
  Gas Plc                       3,300        0.3775       1,246 
------------------------  -----------  ------------  ---------- 
 Jubilee Platinum 
  PLC                       1,169,600        0.0347      40,585 
------------------------  -----------  ------------  ---------- 
 MX OIL PLC                   400,000        0.0127       5,080 
------------------------  -----------  ------------  ---------- 
 New World Oil and 
  Gas PLC                   5,000,000        0.0006       3,000 
------------------------  -----------  ------------  ---------- 
 Northern Petroleum 
  PLC                         294,118        0.0288       8,471 
------------------------  -----------  ------------  ---------- 
 PanContinental 
  Oil and Gas NL              885,714        0.0023       2,037 
------------------------  -----------  ------------  ---------- 
 Papua Mining PLC             230,000        0.0167       3,841 
------------------------  -----------  ------------  ---------- 
 Revelo Resources 
  Corp.                       216,667        0.0440       9,533 
------------------------  -----------  ------------  ---------- 
 Rex Bionics PLC                6,250        0.2450       1,531 
------------------------  -----------  ------------  ---------- 
 Rockrose Energy 
  Plc                         100,000        0.4462      44,620 
------------------------  -----------  ------------  ---------- 
 Sovereign Mines 
  of Africa Plc             2,000,000        0.0068      13,600 
------------------------  -----------  ------------  ---------- 
 Sunrise Resources 
  PLC                         665,000        0.0020        1330 
------------------------  -----------  ------------  ---------- 
 Tertiary Minerals 
  PLC                       1,330,000        0.0112      14,896 
------------------------  -----------  ------------  ---------- 
 
 Total Investments                                      846,291 
------------------------  -----------  ------------  ---------- 
 
 
 
 
 

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 and is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 30 September 2016 for the purpose of computing the quarterly PV.

3) New World Oil and Gas Plc ("NWOG") shares are currently suspended pending a reverse takeover transaction and NWOG's share price as at 9 May 2016 has been used for computing the valuation of this investment.

4) 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.

   5)   Cash funds held by the Company at 30 September 2016 amounted to GBP295,266.64. 

6) 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 December 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Tiger Resource Finance Plc

   Raju Samtani, Director                                                   Tel: [phone] 

finnCap Limited (Nominated Adviser)

   Christopher Raggett/Scott Mathieson                             Tel: [phone] 

Beaufort Securities Limited (Joint Broker)

Jon Belliss 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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October 12, 2016 02:00 ET (06:00 GMT)