Tiger Resource PLC Net Asset Value(s) (2758S)
07 Julio 2020 - 5:28AM
UK Regulatory
TIDMTIR
RNS Number : 2758S
Tiger Resource PLC
07 July 2020
For immediate release
7 July 2020
Tiger Resource PLC
('Tiger' or 'the Company')
Quarter-end NAV Update
The unaudited portfolio value ("PV") (based on investments and
cash only) at 30 June 2020 was 0.19 (31 March 2020 - 0.17) pence
per ordinary share.
Investments held by the Company as at 30/6/20
Name Number of Share price Valuation
shares
GBP GBP
(see note
African Pioneer PLC 59,529,532 2) 47,185
BMR Group Plc (note 3) 2,500,000 0.0000 -
Barkby Group Plc 23,237 0.2100 4,880
Bezant Resources Plc 55,555,556 0.0012 66,667
Block Energy Plc 625,000 0.0215 13,438
Corallian Energy Limited (see note
(note 4) 20,000 4) 15,000
Galileo Resources plc 6,516,667 0.0074 48,223
Goldquest Mining Corp. 173,500 0.0980 17,003
Jubilee Metals Group
PLC 1,169,600 0.0368 43,041
Pantheon Resources 31,500 0.1378 4,341
Revelo Resources Corp. 21,667 0.0592 1,283
Royal Dutch Shell Plc
B shares 2,700 12.2400 33,048
WisdomTree Copper ETFS 760 19.9701 15,177
Total Investments 309,286
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 and subsequently de-listed in
August 2018. This investment is being carried at zero valuation
until further details are released by BMR Plc relating to the
company's future plans.
4) Tiger holds 20,000 shares in Corallian Energy Limited
("Corallian"), an oil and gas appraisal and exploration company
which holds interests in 5 basins in the UK: Central Graben, Inner
Moray Firth, Viking Graben, West of Shetland and Wessex and
operates in the private domain. Although the last fund raise
completed by Corallian in November 2019 was done at a subscription
price of GBP2.20 per share valuing the Company's holding at
GBP44,000, a 50% provision has been applied against the original
purchase cost and this investment has been valued at GBP15,000 as
at 31 March 2020 given the current market outlook.
5) Barkby Group Plc and Revelo Resources Corp. shares have been
consolidated on 193 to 74 and 10 to 1 respectively (existing
ordinary shares to new ordinary shares).
.
6) Cash funds held by the Company at 30 June 2020 amounted to GBP40,585.65.
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 2020. 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
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 or visit www.rns.com.
END
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