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

Tiger Royalties and InvestmentsAnnouncement

11/10/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221011:nRSK4085Ca&default-theme=true

RNS Number : 4085C  Tiger Royalties and Investments PLC  11 October 2022

For immediate
release

11 October 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 September 2022 was 0.12 pence (30 June 2022 - 0.15 pence), both per
ordinary share.

 

Cash and investments held by the Company as at 30/09/22

 

 Name                                          Number of shares  Share price  Valuation
                             £                 £
 African Pioneer Plc (note 2)                  8,810,056         0.0225       198,226
 Bezant Resources Plc                          83,870,371        0.0007       58,709
 Caerus Mineral Resources Plc                  1,000,000         0.0225       22,500
 Corallian Energy Limited                      13,618            N/A          20,427
 Galileo Resources Plc                         6,516,667         0.0130       84,716
 Goldquest Mining Corp.                        173,500           0.1450       25,158
 Jubilee Metals Group Plc                      869,600           0.1170       101,743
 Kendrick Resources Plc (note 3)               83,333            0.0145       1,208

 Total Investments                                                            512,687

 Cash                                                                         34,120

 Total cash and Investments                                                   546,807

 

Notes:

 

1)   The above PV calculation is based on 443,442,308 Ordinary shares with a
nominal value of 0.1 pence each 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 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)   Kendrick Resources Plc ("Kendrick"), 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 ("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.

 

4)   All reporting is made on a quarterly basis and accordingly the next
announcement will disclose the PV per share and investments at 31 December
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 and Investments Plc  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)

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

(Broker)

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  PFUFFDESSEESESS