Share Talk speaks to Colin Bird, CEO and Investment Manager Tiger Royalties & Investments
September 17, 2020
Tiger (AIM: TRF), the royalties and proactive investments Group, is pleased to announce, a 500,000 fundraising.
Fundraising: The Company has raised 500,000 in a non-brokered private placement. The Fundraising comprises a conditional placing of 214,285,714 new Ordinary Shares (the "Placing Shares") for 450,000 at a price of 0.21 pence per Ordinary Share (the "Placing Price") (the "Placing"), and a subscription by Colin Bird and Raju Samtani, Tiger's Executive Chairman and Finance Director, who have invested 20,000 and £30,000 to subscribe for 9,523,810 and 14,285,714 new Ordinary Shares respectively at the Placing Price (the "Subscription Shares") (the "Subscription"), representing 10 per cent. of the total Fundraising amount. Accordingly, following completion of the Fundraising, Mr. Bird will be interested in 30,954,560 Shares, representing approximately 7.3 per cent. of the Company's enlarged share Ordinary capital and Mr Samtani will be interested in 24,153,214 Shares, representing approximately 5.7% per cent. of the Company's enlarged share Ordinary capital.
Colin Bird, Executive Chairman of Tiger, commented :
" Tiger is actively pursuing its stated mission to acquire and develop a portfolio of resource companies with significant shareholding, active participation and royalties. The placing will allow the Directors to continue its activities towards the consummation of a number of opportunities currently under investigation"