REG - Tiger Resource Fin. - NAV Update <Origin Href="QuoteRef">TIRU.L</Origin>

Tiger Royalties and InvestmentsAnnouncement

28/01/2015 24:31

RNS Number : 9460B
Tiger Resource Finance PLC
12 January 2015
Tiger Resource Finance PLC. ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2014 was 1.34 pence per ordinary share.
Investments held by the Company as at 31/12/14
Name
Number of shares
Share price 
Valuation
African Eagle Resources PLC
1,241,174
0.002750
3,413
African Pioneer PLC
57,000,002
(see note 2)
210,000
Anglo American PLC
11,500
12.0050
138,057
Ascent Resources PLC
9,642,857
0.00275
26,518
Aurum Mining PLC
8,333,333
0.01250
104,167
ETFS Physical Platinum
2,250
74.8825
168,486
Jubilee Platinum PLC
1,169,600
0.01750
20,468
MX OIL PLC
400,000
0.01875
7,500
New World Oil and Gas PLC
5,000,000
0.00220
11,000
Northern Petroleum PLC
294,118
0.11750
34,559
PanContinental Oil and Gas NL
885,714
0.01104
9,778
Papua Mining PLC
230,000
0.17500
40,250
Praetorian Resources PLC
400,000
0.05500
22,000
Revelo Resources Corp.
216,667
0.04705
10,194
Sovereign Mines of Africa Plc
2,000,000
0.00550
11,000
Sunrise Resources PLC
665,000
0.00300
1,995
Trap Oil PLC
330,000
0.02750
9,075
Tertiary Minerals PLC
1,330,000
0.05000
66,500
Rex Bionics PLC
6,250
0.72500
4,531
Vatukoula Gold Mines PLC
150,000
-
-
Xtract Resources PLC
344,827,584
0.00145
500,000




Total Investments


1,399,491








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 December 2014 quarterly PV.
3) Cash funds held by the Company at 30 December 2014 amounted to 456,562.60.
4) African Eagle Resources Plc has temporarily suspended the trading of its shares on AIM and this investment is carried at the closing price per share prior to suspension. Vatukoula Gold Mines has withdrawn the trading of the company's shares on AIM and this investment has been written down to nil.
5) Polar Star Mining Corp. was acquired in December 2014 and is now a wholly-owned subsidiary of Iron Creek Capital Corp (re-named Revelo Resources Corp. post acquisition). Polar Star shareholders received 0.26 common shares of Iron Creek for each Polar Star Share.
6) 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 2015. The Company will disclose its investments on a quarterly basis when disclosing its PV.
For further information please contact:
Bruce Rowan, Chairman
Tel: +00 44 207 486 3997
Raju Samtani, Director
Tel: +00 44 777 594 6676

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