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Share Name Share Symbol Market Type Share ISIN Share Description
Tiger Royalties And Investments Plc LSE:TIR London Ordinary Share GB0002308525 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.225 0.20 0.25 0.225 0.225 0.225 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.3 -0.1 - 1

Tiger Royalties and Investments PLC Quarter-end NPV Update

12/07/2022 7:00am

UK Regulatory (RNS & others)


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RNS Number : 0876S

Tiger Royalties and Investments PLC

12 July 2022

For immediate release

12 July 2022

Tiger Royalties and Investments Plc

('Tiger' or 'the Company')

Quarter-end NPV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2022 was 0.15 pence (31 March 2022 - 0.20 pence), both per ordinary share .

Investments held by the Company as at 30/06/22

 
 Name                             Number of   Share price   Valuation 
                                     shares 
                                                      GBP         GBP 
 African Pioneer Plc (note 
  2)                              8,810,056        0.0215     189,416 
 Bezant Resources Plc            83,870,371        0.0012     100,644 
 Block Energy Plc                   625,000        0.0150       9,375 
 Caerus Mineral Resources 
  Plc                             1,000,000        0.0780      78,000 
 Corallian Energy Limited 
  (note 3)                           13,618           N/A      20,427 
 Galileo Resources Plc            6,516,667        0.0093      60,605 
 Goldquest Mining Corp.             173,500        0.1133      19,658 
 Jubilee Metals Group Plc         1,169,600        0.1420     166,083 
 Kendrick Resources Plc 
  (note 4)                           83,000        0.0186       1,544 
 Reabold Resources Plc (note 
 3)                               3,025,068        0.0027       8,168 
 
 Total Investments                                            653,920 
 
 
 

Notes:

1) The above PV calculation is based on 443,442,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 447,942,308 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.

2) African Pioneer Plc's ("APP") shares comprising 189,459,550 ordinary shares of zero par value each in the capital of the company ("Ordinary Shares") were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger's current holding in APP is 8,810,056 Ordinary Shares representing a 4.65% interest in APP following Admission.

3) Tiger currently holds 13,618 shares in Corallian Energy Limited ("Corallian"). Reabold Resources Plc ("Reabold") acquired Corallian shares from existing shareholders in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share on 10 May 2021. As part of this offer, Tiger disposed 6,382 Corallian shares in exchange for 3,025,068 shares in Reabold Resources Plc.

4) Kendrick Resources Plc ("Kendrick") (previously BMR Group Plc), a mineral exploration and development company, with projects in Scandinavia announced on 6 May 2022 that its entire issued ordinary share capital consisting of 219,511,616 ordinary shares of GBP0.0003 were admitted to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities. Kendrick has entered into agreements to acquire interests in the following Projects from Pursuit Minerals Limited's ("Pursuit").

1. the Koitelainen, Karhujupukka North and Karhujupukka South projects in Finland;

2. the Airijoki, Kullberget, Sumassjon, Kramsta and Simesvallen projects in Sweden; and

3. the Hosanger, Espedalen and Sigdal projects in Norway,

(together, the "Nordic Projects").

The Nordic Projects comprise vanadium projects in Sweden and Finland which are owned by Pursuit consist of well drilled tonnages of vanadium ore, estimated at approximately 160 million tonnes. The Norwegian projects are for nickel and are under an option agreement with Eurasian Minerals Sweden AB and have been partially explored with reconnaissance programmes indicating the potential for strike extension.

   5)   Cash funds held by the Company at 30 June 2022 amounted to GBP10,214.75. 

6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 30 September 2022. The Company will disclose its investments on a quarterly basis when disclosing its PV.

This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

For further information please contact:

 
 Tiger Royalties 
  and Investments Plc        Raju Samtani, Director           +44 (0)20 7581 4477 
                             Roland Cornish 
 Beaumont Cornish (Nomad)     Felicity Geidt                  +44 (0)20 7628 3369 
  Email: corpfin@bcornish.co.uk 
 

Novum Securities Plc Jon Belliss +44 (0)20 7399 9425

(Broker)

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END

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July 12, 2022 02:00 ET (06:00 GMT)

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