TIDMTIR
RNS Number : 8703H
Tiger Royalties and Investments PLC
11 April 2022
For immediate release
11 April 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 31 March 2022 was 0.20 pence (31 December 2021 - 0.18
pence), both per ordinary share .
Investments held by the Company as at 31/03/22
Name Number of Share price Valuation
shares
GBP GBP
African Pioneer Plc (note
2) 8,810,056 0.0290 255,492
Bezant Resources Plc 83,870,371 0.0019 159,354
Block Energy Plc 625,000 0.0120 7,500
Caerus Mineral Resources
Plc 1,000,000 0.1325 132,500
Corallian Energy Limited
(note 3) 13,618 N/A 20,427
Galileo Resources Plc 6,516,667 0.0100 65,167
Goldquest Mining Corp. 173,500 0.1744 30,260
Jubilee Metals Group Plc 1,169,600 0.1466 171,463
Kendrick Resources Plc
(note 4) 83,000 0.0000 -
Reabold Resources Plc (note
3) 3,025,068 0.0036 10,890
Total Investments 853,053
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) The shares of Kendrick Resources Plc ("Kendrick") were
suspended at the company's request on 7 February 2018 and
subsequently de-listed in August 2018. This investment is currently
carried at zero valuation. Kendrick has since entered into
assignment agreements to acquire Pursuit Minerals Limited's
("Pursuit") interests in the following Projects
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. Kendrick is now focussed on completing a listing on the
standard segment of the LSE with the Nordic Projects as its primary
assets and is looking to raise funds at the time of the listing to
support exploration of the Nordic Projects and the company's
ongoing working capital requirements.
5) Cash funds held by the Company at 31 March 2022 amounted to GBP22,052.37.
6) All reporting is made on a quarterly basis and accordingly
the next announcement will disclose the PV per share and
investments at 30 June 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 the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
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
(Broker) Jon Belliss +44 (0)20 7399 9425
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