Net Asset Value(s)

RNS Number : 4564K

Tiger Resource Finance PLC

07 July 2017

 

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2017 was 1.01 pence per ordinary share. 

Investments held by the Company as at 30/06/17

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	59,529,532	(see note 2)	144,000
Anglo American PLC	11,500	10.240	117,760
Ascent Resources PLC	482,142	0.0152	7,328
Cabot Energy Plc	294,118	0.0350	10,294
Duke Royalty Limited	20,000	0.4250	8,500
ETFS Physical Platinum	2,250	66.6280	149,913
ETFS Copper	1,760	20.0250	35,244
Galileo Resources plc	6,516,667	0.0600	391,000
Jersey Oil and Gas Plc	3,300	2.7050	8,926
Jubilee Platinum PLC	1,169,600	0.0375	43,860
MX OIL PLC	400,000	0.0065	2,600
New World Oil and Gas PLC	5,000,000	-	-
PanContinental Oil and Gas NL	885,714	0.0012	1,063
Pantheon Resources	31,500	0.5100	16,065
Papua Mining PLC	230,000	0.0122	2,806
Revelo Resources Corp.	216,667	0.0239	5,178
Rex Bionics PLC	6,250	-	-
Rockrose Energy Plc	100,000	0.4462	44,620
Sovereign Mines of Africa Plc	2,000,000	0.0038	7,600
Sunrise Resources PLC	665,000	0.0011	732
Tertiary Minerals PLC	1,330,000	0.0055	7,315
Total Investments			1,004,804

Notes:

1)   The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 0.1 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 ("APP") is a subsidiary company of Tiger Resource Finance Plc and this investment is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 30 June 2017 for the purpose of computing the quarterly PV.

3)   New World Oil and Gas Plc ("NWOG") shares are suspended from trading and this investment is carried at nil valuation at 30 June 2017.

4)   Northern Petroleum Plc has changed its name to Cabot Energy Plc.

5)   Rex Bionics Plc's Ordinary shares have ceased trading on AIM and accordingly this investment is carried at nil valuation at 30 June 2017.

6)   Rockrose Energy Plc ("RockRose") shares were suspended from trading on 14 September 2016 pending the company's proposed acquisition of the non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields from Maersk Oil North Sea UK Ltd. This investment is carried at the prevailing share price prior to suspension from trading.  RockRose shares were re-admitted to trading on 6 July 2017 at a premium to the share price immediately prior to suspension.

7)   Cash funds held by the Company at 30 June 2017 amounted to £395,410.94. 

8)   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 September 2017. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

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

finnCap Limited (Nominated Adviser)

Christopher Raggett/Scott Mathieson                             Tel: [phone]

Beaufort Securities Limited (Joint Broker)             
Jon Belliss                                                                     Tel: [phone]

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

END

 

 

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