Tiger Resource PLC NAV Update (8913C)

TIDMTIR

RNS Number : 8913C

Tiger Resource PLC

03 October 2018

For immediate release

3 October 2018

Tiger Resource PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2018 was 0.56 pence per ordinary share.

Investments held by the Company as at 30/09/18

 
 Name                         Number of   Share price   Valuation 
                                 shares 
                                                  GBP         GBP 
                                            (see note 
 African Pioneer PLC         59,529,532            2)     141,046 
 Anglo American PLC              11,500        17.230     198,145 
 BMR Group Plc (note 3)       2,500,000        0.0000           0 
 Barkby Group Plc                60,606        0.0375       2,273 
 Block Energy Plc             1,250,000        0.0310      38,750 
 Bezant Resources Plc        55,555,556        0.0039     216,667 
 Corallian Energy Limited 
  (note 4)                       20,000        1.5000      30,000 
 ETFS Copper                      1,760        19.953      35,118 
 Galileo Resources plc        6,516,667        0.0109      71,032 
 Goldquest Mining Corp.         173,500        0.0964      16,725 
 Jubilee Metals Group 
  PLC                         1,169,600        0.0240      28,070 
 Pantheon Resources              31,500        0.1640       5,166 
 Revelo Resources Corp.         216,667        0.0060       1,300 
 Royal Dutch Shell Plc 
  B shares                        5,400        26.890     145,206 
 
 
 Total Investments                                        929,498 
 
 

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 in which Tiger owns 50.75 per cent of the issued share capital 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) The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018. This investment is being carried at zero valuation until further details are released by BMR Plc relating to the company's future plans.

4) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which has an interest in 5 petroleum licences in the UK and operates in the private domain. This investment has been valued at cost.

   5)   Cash funds held by the Company at 30 September 2018 amounted to GBP99,646.71. 

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 December 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          [phone] 
                             Roland Cornish 
 Beaumont Cornish (Nomad)     Felicity Geidt                 [phone] 
  Email:[e-mail] 
 First Equity Limited 
  (Joint Broker)             Jason Robertson                 [phone] 
 

Novum Securities Plc Jon Belliss [phone]

(Joint Broker)

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October 03, 2018 11:09 ET (15:09 GMT)