Tiger Royalties and Investments PLC Quarter-end NPV Update (4085C)
11 October 2022 - 5:00PM
UK Regulatory
TIDMTIR
RNS Number : 4085C
Tiger Royalties and Investments PLC
11 October 2022
For immediate release
11 October 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 September 2022 was 0.12 pence (30 June 2022 - 0.15
pence), both per ordinary share .
Cash and investments held by the Company as at 30/09/22
Name Number of Share price Valuation
shares
GBP GBP
African Pioneer Plc (note
2) 8,810,056 0.0225 198,226
Bezant Resources Plc 83,870,371 0.0007 58,709
Caerus Mineral Resources
Plc 1,000,000 0.0225 22,500
Corallian Energy Limited 13,618 N/A 20,427
Galileo Resources Plc 6,516,667 0.0130 84,716
Goldquest Mining Corp. 173,500 0.1450 25,158
Jubilee Metals Group Plc 869,600 0.1170 101,743
Kendrick Resources Plc
(note 3) 83,333 0.0145 1,208
Total Investments 512,687
Cash 34,120
Total cash and Investments 546,807
Notes:
1) The above PV calculation is based on 443,442,308 Ordinary
shares with a nominal value of 0.1 pence each 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 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) Kendrick Resources Plc ("Kendrick"), 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 ("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.
4) All reporting is made on a quarterly basis and accordingly
the next announcement will disclose the PV per share and
investments at 31 December 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
Beaumont Cornish Roland 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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