TIDMTIR
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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