REG - Tiger Roylts and Inv - NPV Update

Tiger Royalties and InvestmentsAnnouncement

08/04/2021 10:15

RNS Number : 8270U
  
Tiger Royalties and Investments PLC
  
08 April 2021
  
 

For immediate release
08 April 2021
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 31 March 2021 was 0.23 (31 December 2020 - 0.24) pence per ordinary share. 
 
Investments held by the Company as at 31/03/21
 




Name


Number of shares


Share price 


Valuation




£


£




African Pioneer Plc


59,529,532


N/A


262,328




Kendrick Resources Plc (previously BMR Group Plc - note 3) 


2,500,000


0.0000


-




Bezant Resources Plc (note 4)


83,870,371


0.0021


176,128




Block Energy Plc 


625,000


0.0250


15,625




Caerus Mineral Resources Plc (note 5)


1,000,000


0.1260


126,000




Corallian Energy Limited (note 6)


20,000


N/A


15,000




Galileo Resources Plc


6,516,667


0.0132


86,020




Goldquest Mining Corp.


173,500


0.1528


26,511




Jubilee Metals Group Plc


1,169,600


0.1488 


174,037




Pantheon Resources


31,500


0.3570


11,246




Royal Dutch Shell Plc B shares


2,700


13.350


36,045




WisdomTree Copper ETFS 


760


25.821


19,624




 


 


 


 




Total Investments


 


 


948,564




 


 


 


 



 
 
 
 
 



 
 
 
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 ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.
 
3)   The shares of Kendrick Resources Plc ("Kendrick") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018.  This investment is being carried at zero valuation until further details are released by Kendrick relating to the company's future plans.
 
 
4)   28,314,815 Bezant Resources Plc ("Bezant") Ordinary shares were issued to the Company on 18 February 2021 as settlement for outstanding loans of £46,250 due from Metrock Resources Ltd ("Metrock") plus a fee of £30,200 due to Tiger for facilitating the sale of the Kanye Manganese asset held by Metrock to Bezant.  Tiger currently holds 83,370,371 Ordinary shares in Bezant.
 
5)   An investment of £100,000 was made by Tiger in Caerus Mineral Resources Plc ("Caerus") on 19 February 2021 by participating in a fundraise which was carried out by Novum Securities Limited as part of the company's IPO. Caerus is a resource development and production focused exploration company targeting Copper-Gold brown field exploration sites on the island of Cyprus.
 
6)   Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an unlisted oil and gas appraisal and exploration company which holds interests in 4 basins in the UK; West of Shetland, Central Graben, Inner Moray Firth and Viking Graben. Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of £2.20 per share, a 50% provision has been applied against the original purchase price for these shares and accordingly this investment has been valued at £15,000 as at 31 March 2021 given the current market outlook in the energy sector.
 
7)   Cash funds held by the Company at 31 March 2021 amounted to £59,515.63.  A loan repayment of £134,030.96 from the Company's subsidiary, African Pioneer Plc was received by Tiger shortly after the quarter end.
 
8)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 30 June 2021. The Company will disclose its investments on a quarterly basis when disclosing its PV.
 
 
 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
 
For further information please contact:

 




Tiger Royalties and Investments Plc


Raju Samtani, Director                                               


+44 (0)20 7581 4477




Beaumont Cornish (Nomad)


Roland Cornish
Felicity Geidt


+44 (0)20 7628 3369




 


Email:corpfin@bcornish.co.uk
 


 




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

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