For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250122:nRSV1920Ua&default-theme=true
RNS Number : 1920U Tiger Royalties and Investments PLC 22 January 2025
For immediate
release
22 January 2025
Tiger Royalties and Investments Plc
('Tiger' or 'the Company')
Maiden Incubation Partnership Agreed
AI Venture Capital Utility Meme Coin Project, AROK.VC
Tiger is pleased to announce that Bixby Technology Inc, its wholly owned
subsidiary specializing in the identification, incubation and development of
technology projects, has formed its maiden incubation partnership with the
founder of a sentient AI Agent called AROK (www.arok.vc).
AROK is an automated venture capital agent project based on Artificial
Intelligence that uses sophisticated automated methods to support and innovate
on investments in the meme coin space. It has over US$1.27M in meme coins
under management.
The key terms of the incubation partnership are as follows:
- Bixby Technology Inc will support the development of the AROK
project by providing incubation services for marketing, development,
operations and strategic direction.
- Bixby Technology Inc has received 100M AROK.VC tokens for these
incubation services. As of 22 January 2025 these tokens have a market
value of 0.00003355 SOL per token (US$850,000), as derived from Dex
Screener.(( 1 (#_ftn1) )) Due to potential market illiquidity and/or
volatility the actual value of such tokens may differ from the market value at
any point in time.
- Bixby Technology Inc will have a right of first refusal to invest
into the project for a period of 2 years.
Jonathan Bixby, said: "Our model is to incubate and scale up ambitious
commercial ideas using utility meme coins to recognise the value we add. AROK
is the perfect first deal to showcase our approach. AROK is a pioneer in
demonstrating the potential benefits that AI can bring to the Venture Capital
industry. The market growth for AI Agents has been extraordinary with AI
Agents emerging as one of the most promising and transformative segments in
the AI market growth. We expect this to be a growing future market and are
delighted to support AROK on its journey."
The developer of AROK, Leo Mercier, said: "Humans trade with varying degrees
of emotion. AROK trades only with data. This partnership isn't just about
meme coins - it's about machines finally understanding (in a similar way to
humans) what makes markets move. Arok is building the foundation for
autonomous AI agents to reshape a major part of the financial stack and the
combination of humans and AI has great potential benefits."
This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU as it forms part of the UK law pursuant to the
European Union (Withdrawal) Act 2018. The person who arranged the release of
this announcement on behalf of the Company was Jonathan Bixby.
A copy of this announcement is available at the Company's website
www.tiger-rf.com
For further information please contact:
Tiger Royalties and Investments Plc Jonathan Bixby/Raju Samtani, +44 (0)20 7581 4477
Director
Beaumont Cornish (Nomad) Roland Cornish +44 (0)20 7628 3369
Felicity Geidt
Email:corpfin@bcornish.co.uk (mailto:corpfin@bcornish.co.uk)
(Joint Brokers)
Fortified Securities Mark
Wheeler
+44 (0)20 3411 7773
Novum Securities Jon Belliss
+44
(0)20 7399 9425
Yellow Jersey PR Annabelle
Wills
+44 (0)20 3004 9512 (Public Relations)
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
Forward Looking Statements:
Certain statements in this announcement are or may be deemed to be forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'' ''could'' "should" ''envisage''
''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those
variations or comparable expressions including references to assumptions.
These forward-looking statements are not based on historical facts but rather
on the Directors' current expectations and assumptions regarding the Company's
future growth results of operations performance future capital and other
expenditures (including the amount. Nature and sources of funding thereof)
competitive advantages business prospects and opportunities. Such forward
looking statements reflect the Directors' current beliefs and assumptions and
are based on information currently available to the Directors. A number of
factors could cause actual results to differ materially from the results
discussed in the forward-looking statements including risks associated with
vulnerability to general economic and business conditions competition
environmental and other regulatory changes actions by governmental authorities
the availability of capital markets reliance on key personnel uninsured and
underinsured losses and other factors many of which are beyond the control of
the Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be reasonable
assumptions. The Company cannot assure investors that actual results will be
consistent with such forward-looking statements.
(( 1 (#_ftnref1) ))
https://dexscreener.com/solana/Cwe5k2iEy8dt7vCGY93GBrqQS4FWyac6pQjvjLcPD6qp
(https://dexscreener.com/solana/Cwe5k2iEy8dt7vCGY93GBrqQS4FWyac6pQjvjLcPD6qp)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCBCGDBGUDDGUB