REG - Tiger Resource Fin. - NAV Update <Origin Href="QuoteRef">TIRU.L</Origin>
RNS Number : 8484UTiger Resource Finance PLC12 April 2016Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2016 was 0.93 pence per ordinary share.
Investments held by the Company as at 31/3/16
Name
Number of shares
Share price
Valuation
African Pioneer PLC
59,529,532
(see note 2)
210,000
Anglo American PLC
11,500
5.5210
63,492
Ascent Resources PLC
482,142
0.0597
28,784
Aurum Mining PLC
8,333,333
0.0095
79,167
Duke Royalty Limited
20,000
0.4250
8,500
ETFS Physical Platinum
2,250
66.480
149,580
Galileo Resources plc
10,416,667
0.0120
125,000
Jersey Oil and Gas Plc
3,300
0.1425
470
Jubilee Platinum PLC
1,169,600
0.0308
36,024
MX OIL PLC
400,000
0.0073
2,920
New World Oil and Gas PLC
5,000,000
0.0007
3,500
Northern Petroleum PLC
294,118
0.0230
6,765
PanContinental Oil and Gas NL
885,714
0.0021
1,860
Papua Mining PLC
230,000
0.0200
4,600
Pacific North West Capital Corporation
3,333,333
0.0190
63,333
Revelo Resources Corp.
216,667
0.0374
8,103
Rex Bionics PLC
6,250
0.4150
2,594
Rockrose Energy Plc
100,000
0.4850
48,500
Sovereign Mines of Africa Plc
2,000,000
0.0032
6,400
Sunrise Resources PLC
665,000
0.0015
998
Tertiary Minerals PLC
1,330,000
0.0158
21,014
Total Investments
871,604
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 March 2016 quarterly PV.
3) Cash funds held by the Company at 31 March 2016 amounted to 408,242.
4) 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 2016. 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: +44 (0)207 486 3997
Raju Samtani, Director Tel: +44 (0)207 581 4477finnCap Limited (Nominated Adviser)
Christopher Raggett/Scott Mathieson Tel: +44 (0)207 220 0500
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCEAKLFFEKKEFF
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