NAV Update

RNS Number : 9460B

Tiger Resource Finance PLC

12 January 2015

 



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

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2014 was 1.34 pence per ordinary share. 

Investments held by the Company as at 31/12/14

Name	Number of shares	Share price	Valuation
		£	£
African Eagle Resources PLC	1,241,174	0.002750	3,413
African Pioneer PLC	57,000,002	(see note 2)	210,000
Anglo American PLC	11,500	12.0050	138,057
Ascent Resources PLC	9,642,857	0.00275	26,518
Aurum Mining PLC	8,333,333	0.01250	104,167
ETFS Physical Platinum	2,250	74.8825	168,486
Jubilee Platinum PLC	1,169,600	0.01750	20,468
MX OIL PLC	400,000	0.01875	7,500
New World Oil and Gas PLC	5,000,000	0.00220	11,000
Northern Petroleum PLC	294,118	0.11750	34,559
PanContinental Oil and Gas NL	885,714	0.01104	9,778
Papua Mining PLC	230,000	0.17500	40,250
Praetorian Resources PLC	400,000	0.05500	22,000
Revelo Resources Corp.	216,667	0.04705	10,194
Sovereign Mines of Africa Plc	2,000,000	0.00550	11,000
Sunrise Resources PLC	665,000	0.00300	1,995
Trap Oil PLC	330,000	0.02750	9,075
Tertiary Minerals PLC	1,330,000	0.05000	66,500
Rex Bionics PLC	6,250	0.72500	4,531
Vatukoula Gold Mines PLC	150,000	-	-
Xtract Resources PLC	344,827,584	0.00145	500,000
Total Investments			1,399,491

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 December 2014 quarterly PV.

3)   Cash funds held by the Company at 30 December 2014 amounted to £456,562.60.

4)   African Eagle Resources Plc has temporarily suspended the trading of its shares on AIM and this investment is carried at the closing price per share prior to suspension.  Vatukoula Gold Mines has withdrawn the trading of the company's shares on AIM and this investment has been written down to nil.

5)   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.

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 31 March 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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