NAV Update

RNS Number : 8484U

Tiger Resource Finance PLC

12 April 2016

 

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2016 was 0.93 pence per ordinary share. 

Investments held by the Company as at 31/3/16

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	59,529,532	(see note 2)	210,000
Anglo American PLC	11,500	5.5210	63,492
Ascent Resources PLC	482,142	0.0597	28,784
Aurum Mining PLC	8,333,333	0.0095	79,167
Duke Royalty Limited	20,000	0.4250	8,500
ETFS Physical Platinum	2,250	66.480	149,580
Galileo Resources plc	10,416,667	0.0120	125,000
Jersey Oil and Gas Plc	3,300	0.1425	470
Jubilee Platinum PLC	1,169,600	0.0308	36,024
MX OIL PLC	400,000	0.0073	2,920
New World Oil and Gas PLC	5,000,000	0.0007	3,500
Northern Petroleum PLC	294,118	0.0230	6,765
PanContinental Oil and Gas NL	885,714	0.0021	1,860
Papua Mining PLC	230,000	0.0200	4,600
Pacific North West Capital  Corporation	3,333,333	0.0190	63,333
Revelo Resources Corp.	216,667	0.0374	8,103
Rex Bionics PLC	6,250	0.4150	2,594
Rockrose Energy Plc	100,000	0.4850	48,500
Sovereign Mines of Africa Plc	2,000,000	0.0032	6,400
Sunrise Resources PLC	665,000	0.0015	998
Tertiary Minerals PLC	1,330,000	0.0158	21,014
Total Investments			871,604

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 2016 quarterly PV.

3)   Cash funds held by the Company at 31 March 2016 amounted to £408,242. 

4)   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 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Tiger Resource Finance Plc
Bruce Rowan, Chairman                                                Tel: [phone]
Raju Samtani, Director                                                   Tel: [phone]

finnCap Limited (Nominated Adviser)

Christopher Raggett/Scott Mathieson                             Tel: [phone]

 

END

 

 

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