REG - Tiger Resource Fin. - Net Asset Value <Origin Href="QuoteRef">TIRU.L</Origin>
RNS Number : 7987LTiger Resource Finance PLC14 January 2016Tiger Resource Finance PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2015 was 0.91 pence per ordinary share.
Investments held by the Company as at 31/12/15
Name
Number of shares
Share price
Valuation
African Pioneer PLC
59,529,532
(see note 2)
210,000
Anglo American PLC
11,500
2.9945
34,437
Ascent Resources PLC
482,142
0.0102
4,918
Aurum Mining PLC
8,333,333
0.0062
51,667
Duke Royalty Limited
20,000
0.5150
10,300
ETFS Physical Platinum
2,250
56.086
126,193
Galileo Resources plc
10,416,667
0.0127
132,292
Jersey Oil and Gas Plc
3,300
0.1200
396
Jubilee Platinum PLC
1,169,600
0.0333
38,948
MX OIL PLC
400,000
0.0205
8,200
New World Oil and Gas PLC
5,000,000
0.0009
4,500
Northern Petroleum PLC
294,118
0.0288
8,471
PanContinental Oil and Gas NL
885,714
0.0014
1,240
Papua Mining PLC
230,000
0.0150
3,450
Pacific North West Capital Corporation
3,333,333
0.0097
32,333
Revelo Resources Corp.
216,667
0.0243
5,265
Rex Bionics PLC
6,250
0.4350
2,719
Sovereign Mines of Africa Plc
2,000,000
0.0029
5,800
Sunrise Resources PLC
665,000
0.0017
1,131
Tertiary Minerals PLC
1,330,000
0.0208
27,664
Xtract Resources PLC
15,000,000
0.0023
34,500
Total Investments
744,424
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 2015 quarterly PV.
3) Ascent Resources Plc ("Ascent") shares have been consolidated on the basis of 1 New Ordinary share for every 20 existing shares in the company and the current holding of 482,142 shares in Ascent is post consolidation.
4) The Company made an investment of 25,000 in Pacific North West Capital Corp during the quarter ended 31 December 2015.
5) Cash funds held by the Company at 31December 2015 amounted to 519,144. This amount includes the sum of 50,000 held in the Company's brokerage account pending the completion of a share purchase.
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 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 ExchangeENDNAVLLFSRLIIVLIR
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