REG - Tiger Resource Fin. - NAV Update and Change of Registered Office <Origin Href="QuoteRef">TIRU.L</Origin>

Tiger Royalties and InvestmentsAnnouncement

13/01/2017 10:00

RNS Number : 1340U
Tiger Resource Finance PLC
13 January 2017
Tiger Resource Finance PLC 
('Tiger' or 'the Company')
NAV Update and change of Registered Address
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2016 was 0.85 pence per ordinary share.
Investments held by the Company as at 31/12/16
Name
Number of shares
Share price 
Valuation
African Pioneer PLC
59,529,532
(see note 2)
104,586
Anglo American PLC
11,500
11.600
133,400
Ascent Resources PLC
482,142
0.0173
8,341
Duke Royalty Limited 
20,000
0.4700
9,400
ETFS Physical Platinum
2,250
70.2520
158,067
ETFS Copper
1,760
19.89
35,006
Galileo Resources plc
10,416,667
0.0155
161,458
Jersey Oil and Gas Plc
3,300
1.2550
4,141
Jubilee Platinum PLC
1,169,600
0.0353
41,287
MX OIL PLC
400,000
0.0110
4,400
New World Oil and Gas PLC
5,000,000
-
-
Northern Petroleum PLC
294,118
0.0411
12,088
PanContinental Oil and Gas NL
885,714
0.0058
5,137
Pantheon Resources
31,500
0.8000
25,200
Papua Mining PLC
230,000
0.0103
2,369
Revelo Resources Corp.
216,667
0.0422
9,143
Rex Bionics PLC
6,250
0.1950
1,219
Rockrose Energy Plc
100,000
0.4462
44,620
Sovereign Mines of Africa Plc
2,000,000
0.0043
8,600
Sunrise Resources PLC
665,000
0.0012
798
Tertiary Minerals PLC
1,330,000
0.0098
13,034
Total Investments

782,294
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") has now been delisted from ISDX Markets and this investment is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 31 December 2016 for the purpose of computing the quarterly PV.
3) The Aurum Mining Plc investment was sold during the quarter ending 31 December 2016 for a total consideration of 221,426.78. 
4) New World Oil and Gas Plc ("NWOG") shares are suspended from trading and this investment is carried at nil valuation at 31 December 2016.
5) Rockrose Energy Plc 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. 
6) Cash funds held by the Company at 31 December 2016 amounted to 388,312.98. 
7) 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 2017. The Company will disclose its investments on a quarterly basis when disclosing its PV.
The Company also announces that it has changed its UK registered office address to 1st Floor, 7/8 Kendrick Mews, London SW7 3HG with immediate effect.
For further information please contact:

Tiger Resource Finance Plc
Raju Samtani, Director Tel: +44 (0)207 581 4477
finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson  Tel: +44 (0)207 220 0500
Beaufort Securities Limited (Joint Broker) 
Jon Belliss Tel: +44 (0)207 382 8300
 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange
  END
MSCUOVKRBVAAARR