Tiger Resource PLC NAV Update (8522T)
July 06 2018 - 4:10AM
UK Regulatory
TIDMTIR
RNS Number : 8522T
Tiger Resource PLC
06 July 2018
For immediate release
6 July 2018
Tiger Resource PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and
cash only) at 30 June 2018 was 0.64 pence per ordinary share.
Investments held by the Company as at 30/06/18
Name Number of Share price Valuation
shares
GBP GBP
(see note
African Pioneer PLC 59,529,532 2) 129,417
Anglo American PLC 11,500 16.948 194,902
BMR Group Plc (note 3) 2,500,000 0.0190 47,500
Barkby Group Plc (note
4) 60,606 0.0800 4,848
Block Energy Plc 1,250,000 0.0340 42,500
Bezant Resources Plc 55,555,556 0.0042 233,333
Corallian Energy Limited
(note 5) 20,000 1.5000 30,000
ETFS Copper 1,760 20.920 36,819
Galileo Resources plc 6,516,667 0.0141 91,885
Goldquest Mining Corp. 173,500 0.1108 19,223
Jubilee Metals Group
PLC 1,169,600 0.0242 28,304
Pantheon Resources 31,500 0.1874 5,903
Revelo Resources Corp. 216,667 0.0115 2,492
Royal Dutch Shell Plc
B shares 5,400 27.124 146,470
Total Investments 1,013,596
Notes:
1) The above PV calculation is based on 184,347,070 Ordinary
shares with a nominal value of 0.1 pence each ("Ordinary shares")
being the Company's issued share capital of 188,847,070 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 BMR Group Plc ("BMR") were suspended at the
company's request on 7 February 2018 pending clarification of the
mining right in respect of BMR's Kabwe operation. This investment
has been valued at its market price immediately prior to the
suspension of its shares.
4) Sovereign Mines Plc ("Sovereign") acquired the business and
assets of Turf to Table, a boutique hospitality group focused on
premium gastropubs, inns and function spaces in Oxfordshire and
Gloucestershire for a total consideration of GBP1,205,000. The
company's shares were consolidated at the same time with every 33
existing Ordinary shares in Sovereign receiving one new Ordinary
share in Barkby Group Plc, being the name of the company following
the acquisition.
5) Tiger holds 20,000 shares in Corallian Energy Limited
("Corallian"), an oil and gas appraisal and exploration company
which has an interest in 5 petroleum licences in the UK and
operates in the private domain. This investment has been valued at
cost.
6) Cash funds held by the Company at 30 June 2018 amounted to GBP171,000.10.
7) All reporting is made on a quarterly basis and accordingly
the next announcement will disclose the PV per share and
investments as at 30 September 2018. 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 Resource Plc Raju Samtani, Director +44 (0)20 7581 4477
Roland Cornish
Beaumont Cornish (Nomad) Felicity Geidt +44 (0)20 7628 3369
Email:corpfin@bcornish.co.uk
First Equity Limited
(Joint Broker) Jason Robertson +44 (0)20 7374 2212
Novum Securities Plc Jon Belliss +44 (0)20 7399 9425
(Joint 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 or visit www.rns.com.
END
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