Tiger Resource Finance PLC Net Asset Value(s) (6821B)
05 April 2017 - 9:29PM
UK Regulatory
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: +44 (0)207 581 4477
finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson Tel: +44 (0)207 220 0500
Beaufort Securities Limited (Joint Broker)
Jon Belliss Tel: +44 (0)207 382 8300
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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