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

The unaudited portfolio value ('PV') (based on investments and cash only) at 31 March 2016 was 0.93 pence per ordinary share.

 

Investments held by the Company as at 31st March 2016

Name

Number of shares

Share price

Valuation

African Pioneer PLC

59,529,532

(see note 2)

210,000

Anglo American PLC

11,500

5.5210

63,492

Ascent Resources PLC

482,142

0.0597

28,784

Aurum Mining PLC

8,333,333

0.0095

79,167

Duke Royalty Limited

20,000

0.4250

8,500

ETFS Physical Platinum

2,250

66.480

149,580

Galileo Resources plc

10,416,667

0.0120

125,000

Jersey Oil and Gas Plc

3,300

0.1425

470

Jubilee Platinum PLC

1,169,600

0.0308

36,024

MX OIL PLC

400,000

0.0073

2,920

New World Oil and Gas PLC

5,000,000

0.0007

3,500

Northern Petroleum PLC

294,118

0.0230

6,765

PanContinental Oil and Gas NL

885,714

0.0021

1,860

Papua Mining PLC

230,000

0.0200

4,600

Pacific North West Capital Corporation

3,333,333

0.0190

63,333

Revelo Resources Corp.

216,667

0.0374

8,103

Rex Bionics PLC

6,250

0.4150

2,594

Rockrose Energy Plc

100,000

0.4850

48,500

Sovereign Mines of Africa Plc

2,000,000

0.0032

6,400

Sunrise Resources PLC

665,000

0.0015

998

Tertiary Minerals PLC

1,330,000

0.0158

21,014

Total Investments

 

 

871,604


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 March 2016 quarterly PV.
     

  3. Cash funds held by the Company at 31 March 2016 amounted to £408,242.
     
  4. 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 30 June 2016. The Company will disclose its investments on a quarterly basis when disclosing its PV.
     

For further information please contact:

Tiger Resource Finance Plc
Bruce Rowan, Chairman                                              Tel: +44 (0)207 486 3997
Raju Samtani, Director                                                  Tel: +44 (0)207 581 4477

 

finnCap Limited (Nominated Adviser)

Christopher Raggett/Scott Mathieson                          Tel: +44 (0)207 220 0500



 

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