Tiger Resource Finance PLC Net Asset Value(s) (4564K)

TIDMTIR

RNS Number : 4564K

Tiger Resource Finance PLC

07 July 2017

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2017 was 1.01 pence per ordinary share.

Investments held by the Company as at 30/06/17

 
 Name                       Number of   Share price   Valuation 
                               shares 
------------------------  ----------- 
                                                GBP         GBP 
------------------------  -----------  ------------  ---------- 
 African Pioneer                          (see note 
  PLC                      59,529,532            2)     144,000 
------------------------  -----------  ------------  ---------- 
 Anglo American 
  PLC                          11,500        10.240     117,760 
------------------------  -----------  ------------  ---------- 
 Ascent Resources 
  PLC                         482,142        0.0152       7,328 
------------------------  -----------  ------------  ---------- 
 Cabot Energy Plc             294,118        0.0350      10,294 
------------------------  -----------  ------------  ---------- 
 Duke Royalty Limited          20,000        0.4250       8,500 
------------------------  -----------  ------------  ---------- 
 ETFS Physical Platinum         2,250       66.6280     149,913 
------------------------  -----------  ------------  ---------- 
 ETFS Copper                    1,760       20.0250      35,244 
------------------------  -----------  ------------  ---------- 
 Galileo Resources 
  plc                       6,516,667        0.0600     391,000 
------------------------  -----------  ------------  ---------- 
 Jersey Oil and 
  Gas Plc                       3,300        2.7050       8,926 
------------------------  -----------  ------------  ---------- 
 Jubilee Platinum 
  PLC                       1,169,600        0.0375      43,860 
------------------------  -----------  ------------  ---------- 
 MX OIL PLC                   400,000        0.0065       2,600 
------------------------  -----------  ------------  ---------- 
 New World Oil and          5,000,000             -           - 
  Gas PLC 
------------------------  -----------  ------------  ---------- 
 PanContinental 
  Oil and Gas NL              885,714        0.0012       1,063 
------------------------  -----------  ------------  ---------- 
 Pantheon Resources            31,500        0.5100      16,065 
------------------------  -----------  ------------  ---------- 
 Papua Mining PLC             230,000        0.0122       2,806 
------------------------  -----------  ------------  ---------- 
 Revelo Resources 
  Corp.                       216,667        0.0239       5,178 
------------------------  -----------  ------------  ---------- 
 Rex Bionics PLC                6,250             -           - 
------------------------  -----------  ------------  ---------- 
 Rockrose Energy 
  Plc                         100,000        0.4462      44,620 
------------------------  -----------  ------------  ---------- 
 Sovereign Mines 
  of Africa Plc             2,000,000        0.0038       7,600 
------------------------  -----------  ------------  ---------- 
 Sunrise Resources 
  PLC                         665,000        0.0011         732 
------------------------  -----------  ------------  ---------- 
 Tertiary Minerals 
  PLC                       1,330,000        0.0055       7,315 
------------------------  -----------  ------------  ---------- 
 
 
 Total Investments                                    1,004,804 
------------------------  -----------  ------------  ---------- 
 
 

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") is a subsidiary company of Tiger Resource Finance Plc and this investment is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 30 June 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 30 June 2017.

   4)   Northern Petroleum Plc has changed its name to Cabot Energy Plc. 

5) Rex Bionics Plc's Ordinary shares have ceased trading on AIM and accordingly this investment is carried at nil valuation at 30 June 2017.

6) Rockrose Energy Plc ("RockRose") 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. RockRose shares were re-admitted to trading on 6 July 2017 at a premium to the share price immediately prior to suspension.

   7)   Cash funds held by the Company at 30 June 2017 amounted to GBP395,410.94. 

8) 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 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

NAVGMGGNGNZGNZM

(END) Dow Jones Newswires

July 07, 2017 06:03 ET (10:03 GMT)