Company: Tiger Resource Finance PLC
TIDM: TIR
Headline: Net Asset Value(s)
Released: 11:12 07-Oct-2011
RNS Number: 7822P11



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

The unaudited portfolio value (PV) (based on investments and cash only) at 30 September 2011 was 3.58 pence per ordinary share.

Investments held by the Company as at 30/09/11

Name Number of shares Share price GBP Valuation GBP
African Eagle Resources Plc 1,241,174 0.070 86,882
Aurum Mining Plc 8,333,333 0.032 266,667
Ascent Resources Plc 9,642,857 0.029 279,643
Dominion Petroleum Ltd 2,400,000 0.034 81,600
ETFS Physical Platinum 2,250 94.666 212,998
In-Solve Plc 625,000 0.0350 21,875
Nautical Petroleum Plc 136,502 2.842 387,939
New World Oil and Gas Plc 5,000,000 0.043 215,000
Northern Petroleum Plc 294,118 0.825 242,647
Sovereign Mines of Africa Plc 2,000,000 0.096 192,000
Sunrise Resources Plc 665,000 0.011 7,315
Tertiary Minerals Plc 1,330,000 0.050 66,500
U3O8 Holdings Plc 4,166,666 0.005 20,833
Vatukoula Gold Mines Plc 150,000 0.767 115,050
Total Investments

2,196,949

Notes:

  1. The above PV calculation assumes that 50 million Ordinary shares of 1 pence each have been successfully tendered by the Company's shareholders following the recently announced tender offer result and accordingly the cash outlay equivalent to the purchase of 50 million Ordinary shares at 3.75 pence per share by the Company has been excluded from the assets line of the PV calculation. The share capital has also been netted off by 50 million Ordinary shares and the PV calculation is based on 122,571,939 Ordinary shares (excludes 4.5 million treasury shares).
     
  2. 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 31 December 2011. The Company will disclose its investments on a quarterly basis when disclosing its PV.

    3. For further information please contact:

    Bruce Rowan, Chairman Tel: +0044 (0) 207 486 3997
    Raju Samtani, Director   Tel: +0044 (0) 777 594 6676

    This information is provided by RNS
    The company news service from the London Stock Exchange

    END