Net Asset Value Update

RNS Number : 5269E

Tiger Resource Finance PLC

08 April 2011

 



Tiger Resource Finance plc ('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2011 was 4.44p per ordinary share. 

Investments held by the Company as at 31/03/11

Name	Number of shares	Share price GBP	Valuation GBP
African Eagle Resources Plc	1,241,174	0.1325	164,456
Aquarius Platinum Ltd	18,181	3.4560	62,834
Ascent Resources Plc	9,642,857	0.0538	518,786
Dominion Petroleum Ltd	2,400,000	0.0630	151,200
Duluth Metals Ltd	75,632	1.6874	127,621
ETFS Physical Platinum	2,250	108.95	245,138
In-Solve Plc	625,000	0.0650	40,625
Minmet Plc	873,574	0.0100	8,736
Nautical Petroleum Plc	150,000	4.0700	610,500
Northern Petroleum Plc	294,118	1.2900	379,412
Pacific North West Capital Corp	566,500	0.1957	110,864
Sovereign Mines of Africa Plc	2,000,000	0.1100	220,000
Sunrise Resources Plc	665,000	0.0290	19,285
Tertiary Minerals Plc	1,330,000	0.1313	174,629
U3O8 Holdings Plc	4,166,666	0.0085	35,417
Vatukoula Gold Mines Plc	266,666	1.3525	360,666
Total Investments			3,230,169

Notes:

1) Tiger has acquired 2.4 million shares in Dominion Petroleum Ltd ("Dominion"), an independent oil and gas exploration company operating in Africa with assets covering highly prospective acreage in Tanzania, Uganda and the Democratic Republic of Congo.

2) Duluth Metals Ltd ("Duluth") acquired all of the issued and outstanding common shares of Franconia Minerals Corporation ("Franconia") in a transaction valued at approximately 77 million Canadian Dollars.  Tiger received 75,632 common shares in Duluth and a cash consideration of 220,906 Canadian Dollars for the shares it held in Franconia Minerals Corporation. 

3) 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 2011. 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	Tel: [phone]
Corporate Finance - Matthew Robinson/ Charlotte Stranner
Corporate Broking - Joanna Weaving/Simon Starr

 

END

 

 

NAVUBOSRAKASRAR