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

Tiger Royalties and InvestmentsAnnouncement

05/04/2017 12:31

RNS Number : 6821B
Tiger Resource Finance PLC
05 April 2017
Tiger Resource Finance PLC 
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2017 was 1.20 pence per ordinary share.
Investments held by the Company as at 31/03/17
Name
Number of shares
Share price 
Valuation
African Pioneer PLC
59,529,532
(see note 2)
150,450
Anglo American PLC
11,500
12.1950
140,243
Ascent Resources PLC
482,142
0.0227
10,945
Duke Royalty Limited 
20,000
0.4550
9,100
ETFS Physical Platinum
2,250
72.1900
162,428
ETFS Copper
1,760
20.5600
36,186
Galileo Resources plc
6,516,667
0.0725
472,458
Jersey Oil and Gas Plc
3,300
2.8750
9,488
Jubilee Platinum PLC
1,169,600
0.0525
61,404
MX OIL PLC
400,000
0.0113
4,520
New World Oil and Gas PLC
5,000,000
-
-
Northern Petroleum PLC
294,118
0.0425
12,500
PanContinental Oil and Gas NL
885,714
0.0018
1,594
Pantheon Resources
31,500
0.7900
24,885
Papua Mining PLC
230,000
0.0085
1,955
Revelo Resources Corp.
216,667
0.0329
7,128
Rex Bionics PLC
6,250
0.0950
594
Rockrose Energy Plc
100,000
0.4462
44,620
Sovereign Mines of Africa Plc
2,000,000
0.0037
7,400
Sunrise Resources PLC
665,000
0.0011
732
Tertiary Minerals PLC
1,330,000
0.0078
10,374








Total Investments


1,169,004




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 March 2017 for the purpose of computing the quarterly PV.
3) New World Oil and Gas Plc ("NWOG") shares are suspended from trading and this investment is carried at nil valuation at 31 March 2017.
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. This investment is carried at the prevailing share price prior to suspension from trading. 
5) Cash funds held by the Company at 31 March 2017 amounted to 488,262.97. 
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 30 June 2017. 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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