News blog
Tiger Resource Finance
- BY: Andrew Hore |
- POSTED: 12/11/2017 |
Tiger Resource Finance is hoping to raise up to £425,000 from a 0.85-for-one open offer at 0.35p a share.
That is a 43.5% discount to the previous market price. The share price fell back to 0.5p (0.25p/0.75p). Applications have to be received by 24 November.
The cash will provide working capital and finance further natural resource investments. Management is positive about the potential for base metals. According to Morningstar.co.uk, the estimated NAB is currently 0.88p a share, so this will be heavily diluted by the fundraising.
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