By Devika Patel
Knoxville, Tenn., June 2 - Tiger Resources Ltd. said it plans a A$21.85 million private placement of shares.
The company will sell 121.4 million ordinary shares at A$0.18 apiece.
Proceeds will be used for project development costs for the Kipoi project, for resource and step out drilling at Tiger's grassroots copper discovery at the Lupoto Project and for general working capital purposes.
Based in Perth, Western Australia, Tiger focuses on copper, cobalt, gold, platinum, palladium and uranium projects in the Democratic Republic of Congo and gold projects in Brazil.
| Issuer: | Tiger Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$21.85 million
|
| Shares: | 121.4 million
|
| Price: | A$0.18
|
| Warrants: | No
|
| Pricing date: | June 2
|
| Stock symbol: | Australia: TGS
|
| Stock price: | A$0.215 at close June 2
|
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