REG - Tiger Royalties&Invs - Quarter-end NPV Update

Tiger Royalties and InvestmentsAnnouncement

12/07/2022 07:00

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RNS Number : 0876S  Tiger Royalties and Investments PLC  12 July 2022

 For immediate
release

          12 July 2022

Tiger Royalties and Investments Plc

('Tiger' or 'the Company')

 

Quarter-end NPV Update

 

The unaudited portfolio value ("PV") (based on investments and cash only) at
30 June 2022 was 0.15 pence (31 March 2022 - 0.20 pence), both per ordinary
share.

 

Investments held by the Company as at 30/06/22

 

 Name                                  Number of shares  Share price  Valuation
                    £                  £
 African Pioneer Plc (note 2)          8,810,056         0.0215       189,416
 Bezant Resources Plc                  83,870,371        0.0012       100,644
 Block Energy Plc                      625,000           0.0150       9,375
 Caerus Mineral Resources Plc          1,000,000         0.0780       78,000
 Corallian Energy Limited (note 3)     13,618            N/A          20,427
 Galileo Resources Plc                 6,516,667         0.0093       60,605
 Goldquest Mining Corp.                173,500           0.1133       19,658
 Jubilee Metals Group Plc              1,169,600         0.1420       166,083
 Kendrick Resources Plc (note 4)       83,000            0.0186       1,544
 Reabold Resources Plc (note 3)        3,025,068         0.0027       8,168

 Total Investments                                                    653,920

 

Notes:

 

1)   The above PV calculation is based on 443,442,308 Ordinary shares with a
nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued
share capital of 447,942,308 Ordinary Shares less 4,500,000 Ordinary Shares
held in treasury.

 

2)    African Pioneer Plc's  ("APP") shares comprising 189,459,550
ordinary shares of zero par value each in the capital of the company
("Ordinary Shares") were  admitted to the Official List (Standard Segment)
and to trading on the Main Market for listed securities of the London Stock
Exchange on 1 June 2021.  Tiger's current holding in APP is 8,810,056
Ordinary Shares representing a 4.65% interest in APP following Admission.
 

 

3)   Tiger currently holds 13,618 shares in Corallian Energy Limited
("Corallian").  Reabold Resources Plc ("Reabold") acquired Corallian shares
from existing shareholders in exchange for Reabold shares, at a ratio of 474
Reabold shares for 1 Corallian share on 10 May 2021.  As part of this offer,
Tiger disposed 6,382 Corallian shares in exchange for 3,025,068 shares in
Reabold Resources Plc.

 

4)   Kendrick Resources Plc ("Kendrick") (previously BMR Group Plc), a
mineral exploration and development company, with projects in Scandinavia
announced on 6 May 2022 that its entire issued ordinary share capital
consisting of 219,511,616 ordinary shares of £0.0003 were admitted to the
Official List (by way of Standard Listing under Chapter 14 of the Listing
Rules) and to trading on the London Stock Exchange's Main Market for listed
securities.  Kendrick has entered into agreements to acquire interests in the
following Projects from Pursuit Minerals Limited's  ("Pursuit").

 

1. the Koitelainen, Karhujupukka North and Karhujupukka South projects in
Finland;

2. the Airijoki, Kullberget, Sumassjon, Kramsta and Simesvallen projects in
Sweden; and

3. the Hosanger, Espedalen and Sigdal projects in Norway,

(together, the "Nordic Projects").

 

The Nordic Projects comprise vanadium projects in Sweden and Finland which are
owned by Pursuit consist of well drilled tonnages of vanadium ore, estimated
at approximately 160 million tonnes. The Norwegian projects are for nickel and
are under an option agreement with Eurasian Minerals Sweden AB and have been
partially explored with reconnaissance programmes indicating the potential for
strike extension.

 

5)   Cash funds held by the Company at 30 June 2022 amounted to
£10,214.75.

 

6)   All reporting is made on a quarterly basis and accordingly the next
announcement will disclose the PV per share and investments at 30 September
2022. The Company will disclose its investments on a quarterly basis when
disclosing its PV.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 

 

 

For further information please contact:

 Tiger Royalties           Raju Samtani,                                                                                          +44 (0)20 7581 4477

                         Director
 and Investments Plc
 Beaumont Cornish (Nomad)  Roland Cornish                                                                                         +44 (0)20 7628 3369

                           Felicity Geidt
                           Email:corpfin@bcornish.co.uk (mailto:corpfin@bcornish.co.uk)

Novum Securities Plc              Jon Belliss
                                    +44 (0)20 7399 9425

(Broker)

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