Tiger Resource Finance PLC Net Asset Value(s) (6821B)

TIDMTIR

RNS Number : 6821B

Tiger Resource Finance PLC

05 April 2017

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2017 was 1.20 pence per ordinary share.

Investments held by the Company as at 31/03/17

 
 Name                       Number of   Share price   Valuation 
                               shares 
------------------------  ----------- 
                                                GBP         GBP 
------------------------  -----------  ------------  ---------- 
 African Pioneer                          (see note 
  PLC                      59,529,532            2)     150,450 
------------------------  -----------  ------------  ---------- 
 Anglo American 
  PLC                          11,500       12.1950     140,243 
------------------------  -----------  ------------  ---------- 
 Ascent Resources 
  PLC                         482,142        0.0227      10,945 
------------------------  -----------  ------------  ---------- 
 Duke Royalty Limited          20,000        0.4550       9,100 
------------------------  -----------  ------------  ---------- 
 ETFS Physical Platinum         2,250       72.1900     162,428 
------------------------  -----------  ------------  ---------- 
 ETFS Copper                    1,760       20.5600      36,186 
------------------------  -----------  ------------  ---------- 
 Galileo Resources 
  plc                       6,516,667        0.0725     472,458 
------------------------  -----------  ------------  ---------- 
 Jersey Oil and 
  Gas Plc                       3,300        2.8750       9,488 
------------------------  -----------  ------------  ---------- 
 Jubilee Platinum 
  PLC                       1,169,600        0.0525      61,404 
------------------------  -----------  ------------  ---------- 
 MX OIL PLC                   400,000        0.0113       4,520 
------------------------  -----------  ------------  ---------- 
 New World Oil and          5,000,000             -           - 
  Gas PLC 
------------------------  -----------  ------------  ---------- 
 Northern Petroleum 
  PLC                         294,118        0.0425      12,500 
------------------------  -----------  ------------  ---------- 
 PanContinental 
  Oil and Gas NL              885,714        0.0018       1,594 
------------------------  -----------  ------------  ---------- 
 Pantheon Resources            31,500        0.7900      24,885 
------------------------  -----------  ------------  ---------- 
 Papua Mining PLC             230,000        0.0085       1,955 
------------------------  -----------  ------------  ---------- 
 Revelo Resources 
  Corp.                       216,667        0.0329       7,128 
------------------------  -----------  ------------  ---------- 
 Rex Bionics PLC                6,250        0.0950         594 
------------------------  -----------  ------------  ---------- 
 Rockrose Energy 
  Plc                         100,000        0.4462      44,620 
------------------------  -----------  ------------  ---------- 
 Sovereign Mines 
  of Africa Plc             2,000,000        0.0037       7,400 
------------------------  -----------  ------------  ---------- 
 Sunrise Resources 
  PLC                         665,000        0.0011         732 
------------------------  -----------  ------------  ---------- 
 Tertiary Minerals 
  PLC                       1,330,000        0.0078      10,374 
------------------------  -----------  ------------  ---------- 
 
 
 Total Investments                                    1,169,004 
------------------------  -----------  ------------  ---------- 
 
 

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 March 2017 for the purpose of computing the quarterly PV.

3) New World Oil and Gas Plc ("NWOG") shares are suspended from trading and this investment is carried at nil valuation at 31 March 2017.

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. This investment is carried at the prevailing share price prior to suspension from trading.

   5)   Cash funds held by the Company at 31 March 2017 amounted to GBP488,262.97. 

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 30 June 2017. 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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April 05, 2017 07:28 ET (11:28 GMT)