NAV Update

RNS Number : 0269K

Tiger Resource Finance PLC

13 April 2015

 



Tiger Resource Finance PLC. ('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2015 was 1.15 pence per ordinary share. 

Investments held by the Company as at 31/03/15

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	57,000,002	(see note 2)	210,000
Anglo American PLC	11,500	10.1200	116,380
Ascent Resources PLC	9,642,857	0.00125	12,054
Aurum Mining PLC	8,333,333	0.00950	79,167
ETFS Physical Platinum	2,250	73.9517	166,391
Jubilee Platinum PLC	1,169,600	0.01325	15,497
MX OIL PLC	400,000	0.02330	9,320
New World Oil and Gas PLC	5,000,000	0.00105	5,250
Northern Petroleum PLC	294,118	0.04250	12,500
PanContinental Oil and Gas NL	885,714	0.00172	1,523
Papua Mining PLC	230,000	0.08125	18,688
Praetorian Resources PLC	400,000	0.03500	14,000
Revelo Resources Corp.	216,667	0.04799	10,398
Rex Bionics PLC	6,250	0.67500	4,219
Sovereign Mines of Africa Plc	2,000,000	0.00385	7,700
Sunrise Resources PLC	665,000	0.00275	1,829
Trap Oil PLC	330,000	0.00800	2,640
Tertiary Minerals PLC	1,330,000	0.02875	38,238
Xtract Resources PLC	150,000,000	0.00175	262,500
Total Investments			988,294

Notes:

1)   The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 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 (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 31 March 2015 quarterly PV.

3)   Polar Star Mining Corp. was acquired in December 2014 and is now a wholly-owned subsidiary of Iron Creek Capital Corp (re-named Revelo Resources Corp. post acquisition).  Polar Star shareholders received 0.26 common shares of Iron Creek for each Polar Star Share.

4)   Cash funds held by the Company at 31 March 2015 amounted to £607,194.

5)   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 2015. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman	Tel: [phone]
Raju Samtani, Director	Tel: [phone]

 

END

 

 

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