Tiger Resource Finance PLC NAV Update and Change of Registered Office (1340U)

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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: [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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January 13, 2017 04:56 ET (09:56 GMT)