Last checked at 8 Apr 2011 07:00
Tiger Resource Finance plc ('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value (PV) (based on investments and cash only) at 31 March 2011 was 4.44p per ordinary share.
Investments held by the Company as at 31/03/11
Name | Number of shares | Share price GBP | Valuation GBP |
African Eagle Resources Plc | 1,241,174 | 0.1325 | 164,456 |
Aquarius Platinum Ltd | 18,181 | 3.4560 | 62,834 |
Ascent Resources Plc | 9,642,857 | 0.0538 | 518,786 |
Dominion Petroleum Ltd | 2,400,000 | 0.0630 | 151,200 |
Duluth Metals Ltd | 75,632 | 1.6874 | 127,621 |
ETFS Physical Platinum | 2,250 | 108.95 | 245,138 |
In-Solve Plc | 625,000 | 0.0650 | 40,625 |
Minmet Plc | 873,574 | 0.0100 | 8,736 |
Nautical Petroleum Plc | 150,000 | 4.0700 | 610,500 |
Northern Petroleum Plc | 294,118 | 1.2900 | 379,412 |
Pacific North West Capital Corp | 566,500 | 0.1957 | 110,864 |
Sovereign Mines of Africa Plc | 2,000,000 | 0.1100 | 220,000 |
Sunrise Resources Plc | 665,000 | 0.0290 | 19,285 |
Tertiary Minerals Plc | 1,330,000 | 0.1313 | 174,629 |
U3O8 Holdings Plc | 4,166,666 | 0.0085 | 35,417 |
Vatukoula Gold Mines Plc | 266,666 | 1.3525 | 360,666 |
Total Investments | 3,230,169 |
Notes:
1) Tiger has acquired 2.4 million shares in Dominion Petroleum Ltd ("Dominion"), an independent oil and gas exploration company operating in Africa with assets covering highly prospective acreage in Tanzania, Uganda and the Democratic Republic of Congo.
2) Duluth Metals Ltd ("Duluth") acquired all of the issued and outstanding common shares of Franconia Minerals Corporation ("Franconia") in a transaction valued at approximately 77 million Canadian Dollars. Tiger received 75,632 common shares in Duluth and a cash consideration of 220,906 Canadian Dollars for the shares it held in Franconia Minerals Corporation.
3) 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 2011. 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: +00 44 20 7486 3997 |
Raju Samtani, Director | Tel: +00 44 777 594 6676 |
finnCap | Tel: +00 44 20 7600 1658 |
Corporate Finance - Matthew Robinson/ Charlotte Stranner | |
Corporate Broking - Joanna Weaving/Simon Starr |