Tiger Resource Finance PLC Net Asset Value(s) (4779B)

TIDMTIR

RNS Number : 4779B

Tiger Resource Finance PLC

10 January 2018

For immediate release

10 January 2018

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2017 was 0.65 pence per ordinary share.

Investments held by the Company as at 31/12/17

 
 Name                       Number of   Share price   Valuation 
                               shares 
                                                GBP         GBP 
 African Pioneer                          (see note 
  PLC                      59,529,532            2)     126,997 
 Anglo American 
  PLC                          11,500        15.495     178,193 
 Ascent Resources 
  PLC                         482,142        0.0140       6,750 
 Berkeley Mineral 
  Resources Plc             2,500,000        0.0163      40,750 
 Cabot Energy Plc             294,118        0.0513      15,088 
 Duke Royalty Limited          20,000        0.3900       7,800 
 ETFS Physical Platinum         2,250        65.230     146,767 
 ETFS Copper                    1,760        22.939      40,372 
 Galileo Resources 
  plc                       6,516,667        0.0133      86,672 
 Goldquest Mining 
  Corp.                       173,500        0.2139      37,112 
 Jersey Oil and 
  Gas Plc                       3,300        1.9150       6,319 
 Jubilee Metals 
  Group PLC                 1,169,600        0.0380      44,445 
 MX OIL PLC                   400,000        0.0053       2,120 
 PanContinental 
  Oil and Gas NL              611,813        0.0026       1,591 
 Pantheon Resources            31,500        0.6750      21,262 
 Papua Mining PLC             230,000        0.0118       2,714 
 Revelo Resources 
  Corp.                       216,667        0.0133       2,882 
 Rex Bionics PLC                6,250             -           - 
 Rockrose Energy 
  Plc                          95,000        1.2700     120,650 
 Sovereign Mines 
  of Africa Plc             2,000,000        0.0027       5,400 
 Sunrise Resources 
  PLC                         665,000        0.0018       1,197 
 Tertiary Minerals 
  PLC                       1,330,000        0.0205      27,265 
 
 
 Total Investments                                      922,346 
 
 

Notes:

1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary shares") being the Company's issued share capital of 188,847,070 Ordinary shares less 4,500,000 Ordinary shares held in treasury.

2) African Pioneer PLC ("APP") is a private investment company and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.

   3)   Jubilee Platinum Plc changed its name to Jubilee Metals Group Plc 

4) Rex Bionics Plc was suspended from trading on AIM on 30 May 2017 and subsequently cancelled on 3 July 2017 and hence has been carried at nil valuation.

   5)   Cash funds held by the Company at 31 December 2017 amounted to GBP267,606.56 

6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2018. The Company will disclose its investments on a quarterly basis when disclosing its PV.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Tiger Resource Finance Plc

   Raju Samtani, Director                                                   Tel: [phone] 
   Beaumont Cornish (Nominated Adviser)                  Tel: [phone] 
 
Roland Cornish/ Felicity Geidt 
 
 

Beaufort Securities Limited (Joint Broker)

Jon Belliss Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 10, 2018 04:57 ET (09:57 GMT)