Net Asset Values

RNS Number : 0231C

Tiger Resource Finance PLC

13 October 2015

 

Tiger Resource Finance PLC

('Tiger' or 'the Company')

NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2015 was 1.09 pence per ordinary share. 

Investments held by the Company as at 30/09/15

Name	Number of shares	Share price	Valuation
		£	£
African Pioneer PLC	59,529,532	(see note 2)	235,291
Anglo American PLC	11,500	5.50900	63,353
Ascent Resources PLC	9,642,857	0.00120	11,571
Aurum Mining PLC	8,333,333	0.00880	73,333
Duke Royalty Limited	20,000	0.62500	12,500
ETFS Physical Platinum	2,250	51.6600	116,235
Galileo Resources plc	10,416,667	0.01730	180,208
Jersey Oil and Gas Plc	3,300	0.17250	569
Jubilee Platinum PLC	1,169,600	0.03250	38,012
MX OIL PLC	400,000	0.02450	9,800
New World Oil and Gas PLC	5,000,000	0.00053	2,650
Northern Petroleum PLC	294,118	0.03880	11,411
PanContinental Oil and Gas NL	885,714	0.00184	1,630
Papua Mining PLC	230,000	0.02750	6,325
Revelo Resources Corp.	216,667	0.03933	8,522
Rex Bionics PLC	6,250	0.50000	3,125
Sovereign Mines of Africa Plc	2,000,000	0.00260	5,200
Sunrise Resources PLC	665,000	0.00275	1,829
Tertiary Minerals PLC	1,330,000	0.03120	41,496
Xtract Resources PLC	50,000,000	0.00250	125,000
Total Investments			948,060

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 30 September 2015 quarterly PV.

3)   Trap Oil Plc shares have been consolidated on the basis of 1 New Ordinary share for every 100 existing shares and the company has been re-named Jersey Oil and Gas Plc

4)   Cash funds held by the Company at 30 September 2015 amounted to £556,670.

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 31 December 2015. 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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