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NAV Update - Net Asset Value(s)

Tiger Resource Finance plc ('Tiger' or 'the Company')
NAV Update

The unaudited portfolio value (PV) (based on investments and cash only) at 31 December 2014 was 1.34p per ordinary share.

Investments held by the Company as at 31 December 2014

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.00275 3,413
African Pioneer Plc 57,000,002 (see note 2) 210,000
Anglo American Plc 11,500 12.0050 138,057
Ascent Resources Plc 9,642,857 0.00275 26,518
Aurum Mining Plc 8,333,333 0.01250 104,167
ETFS Physical Platinum 2,250 74.8825 168,486
Jubilee Platinum Plc 1,169,600 0.01750 20,468
MX OIL PLC 400,000 0.01875 7,500
New World Oil and Gas Plc 5,000,000 0.00220 11,000
Northern Petroleum Plc 294,118 0.11750 34,559
PanContinental Oil and Gas NL 885,714 0.01104 9,778
Papua Mining Plc 230,000 0.17500 40,250
Praetorian Resources PLC 400,000 0.05500 22,000
Revelo Resources Corp. 216,667 0.04705 10,194
Rex Bionics PLC 6,250 0.72500 4,531
Sovereign Mines of Africa Plc 2,000,000 0.00550 11,000
Sunrise Resources Plc 665,000 0.00300 1,995
Trap Oil Plc 330,000 0.02750 9,075
Tertiary Minerals Plc 1,330,000 0.05000 66,500
Vatukoula Gold Mines Plc 150,000 - -
Xtract Energy plc 344,827,584 0.00145 500,000
Total Investments

1,399,491


Notes:

  1. The above PV calculation is based on 138,331,939 Ordinary shares with a nominal value of 1 pence each ("Ordinary shares") being the Company's issued share capital of 142,831,939 Ordinary shares less 4,500,000 Ordinary shares held in treasury.
  2. African Pioneer PLC (quoted on ISDX) is a company incubated by Tiger and this investment is carried at cost for the purpose of computing the 31 December 2014 quarterly PV.
  3. Cash funds held by the Company at 30 December 2014 amounted to £456,562.60.
  4. African Eagle Resources Plc has temporarily suspended the trading of its shares on AIM and this investment is carried at the closing price per share prior to suspension. Vatukoula Gold Mines has withdrawn the trading of the company’s shares on AIM and this investment has been written down to nil.
  5. Polar Star Mining Corp. was acquired in December 2014 and is now a wholly-owned subsidiary of Iron Creek Capital Corp (re-named Revelo Resources Corp. post acquisition). Polar Star shareholders received 0.26 common shares of Iron Creek for each Polar Star Share.
  6. All future reporting will be made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2015. The Company will disclose its investments on a quarterly basis when disclosing its PV.

For further information please contact:

Bruce Rowan, Chairman Tel: +0044 (0) 207 486 3997
Raju Samtani, Director   Tel: +0044 (0) 777 594 6676



 

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