Realisation of Investment

15 Feb 2005 13:48

Tiger Resource Finance PLC15 February 2005 Tiger Resource Finance plc ('Tiger' or 'the Company') Sale of Cambrian shares The Board of Tiger (the "Board") announces that the Company has exercised1,200,000 warrants and 150,000 options at a total cost of £375,000 in CambrianMining Plc ("Cambrian"). The resulting Cambrian shares were sold on the 14February 2005 realising proceeds of £2,708,708 and a profit on the transactionof £2,333,708. Tiger acquired the warrants and options as part of an investment in Cambrian inMarch 2003. This investment represents a typical example of Tiger playing apro-active role in the formative years of a company where an investment is made. This announcement is made in accordance with our policy of announcing allmaterial transactions. A material transaction is defined by the Board as a dealthat equals at least 20% of the Company's portfolio value. Bruce Rowan, Chairman and investment director said that "he was very pleasedwith Cambrian's performance and with the profits that Tiger has realised withthis investment in Cambrian". For further information please contact: Bruce Rowan, Chairman Tel: +0044 (0) 20 7486 3997 Colin Bird, Director Tel: +0044 (0) 20 7581 4477 This information is provided by RNS The company news service from the London Stock Exchange