TIDMTIR
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 Share price Valuation
shares
GBP GBP
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 GBP46,250 due from Metrock Resources Ltd
("Metrock") plus a fee of GBP30,200 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 GBP100,000 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 GBP2.20 per share, a 50%
provision has been applied against the original purchase price for
these shares and accordingly this investment has been valued at
GBP15,000 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 GBP59,515.63. A loan repayment of GBP134,030.96 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
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)
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