REG - Tiger Resource Fin. - Net Asset Value(s) <Origin Href="QuoteRef">TIRU.L</Origin>

Tiger Royalties and InvestmentsAnnouncement

12/10/2016 07:06

RNS Number : 2731M
Tiger Resource Finance PLC
12 October 2016
Tiger Resource Finance PLC 
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2016 was 0.82 pence per ordinary share.
Investments held by the Company as at 30/9/16
Name
Number of shares
Share price 
Valuation
African Pioneer PLC
59,529,532
(see note 2)
118,741
Anglo American PLC
11,500
9.6760
111,274
Ascent Resources PLC
482,142
0.0117
5,641
Aurum Mining PLC
8,333,333
0.0185
154,167
Duke Royalty Limited 
20,000
0.4940
9,880
ETFS Physical Platinum
2,250
76.3635
171,818
Galileo Resources plc
10,416,667
0.0120
125,000
Jersey Oil and Gas Plc
3,300
0.3775
1,246
Jubilee Platinum PLC
1,169,600
0.0347
40,585
MX OIL PLC
400,000
0.0127
5,080
New World Oil and Gas PLC
5,000,000
0.0006
3,000
Northern Petroleum PLC
294,118
0.0288
8,471
PanContinental Oil and Gas NL
885,714
0.0023
2,037
Papua Mining PLC
230,000
0.0167
3,841
Revelo Resources Corp.
216,667
0.0440
9,533
Rex Bionics PLC
6,250
0.2450
1,531
Rockrose Energy Plc
100,000
0.4462
44,620
Sovereign Mines of Africa Plc
2,000,000
0.0068
13,600
Sunrise Resources PLC
665,000
0.0020
1330
Tertiary Minerals PLC
1,330,000
0.0112
14,896




Total Investments


846,291
















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 and is valued on the basis of Tiger's share of APP's assets (cash and investments) as at 30 September 2016 for the purpose of computing the quarterly PV.
3) New World Oil and Gas Plc ("NWOG") shares are currently suspended pending a reverse takeover transaction and NWOG's share price as at 9 May 2016 has been used for computing the valuation of this investment.
4) 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. 
5) Cash funds held by the Company at 30 September 2016 amounted to 295,266.64. 
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 December 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.
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
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