By Devika Patel
Knoxville, Tenn., Nov. 13 - Tiger Resources Ltd. said it has completed a A$7.5 million private placement of shares.
The company sold 50 million ordinary shares at A$0.15 apiece.
Proceeds will be used to acquire a 15% interest in Tiger Congo sprl from Groupe Orgaman for $3 million, to fund the drilling program at the Sase prospect and for working capital and general corporate purposes.
Based in Perth, Western Australia, Tiger focuses on copper, cobalt, gold, platinum, palladium and uranium projects in the Democratic Republic of the Congo and gold projects in Brazil.
| Issuer: | Tiger Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$7.5 million
|
| Shares: | 50 million
|
| Price: | A$0.15
|
| Warrants: | No
|
| Settlement date: | Nov. 13
|
| Stock symbol: | Australia: TGS
|
| Stock price: | A$0.165 at close Nov. 13
|
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