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Tiger Resources Ltd (TGS.AX)

TGS.AX on Australia Stock Exchange

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25 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Tiger Resources announces appointment of CEO
Thursday, 31 Mar 2016 07:20pm EDT 

Tiger Resources:Appointment of chief executive officer and board changes.Appointed Michael Griffiths as CEO and managing director on permanent basis.  Full Article

Tiger Resources Ltd issues 2016 copper cathode production guidance; says vigorous cost-cutting and efficiency drive
Wednesday, 16 Mar 2016 05:32pm EDT 

Tiger Resources Ltd:Says company expects 2016 cash operating costs to be in the range of US$1.34-1.42/lb."Processing costs are expected to be lower in 2016 due to the improved availability of grid power".Says 2016 copper cathode production guidance 26,000 tonnes- 28,000 tonnes.Says at the Perth head office, the headcount has been reduced by 33%.Management has conducted a vigorous cost-cutting and efficiency drive.Through restructuring and streamlining of responsibilities, number of site-based expatriate personnel has been reduced by 38%.Further costs savings are being pursued in the first half of 2016.  Full Article

Tiger Resources says Brad Marwood retired as Chief Executive Officer
Sunday, 16 Aug 2015 02:11pm EDT 

Tiger Resources Ltd:Says Brad Marwood has retired as Chief Executive Officer and as a director of the company.  Full Article

Acorn Capital Limited ceases to be substantial holder of Tiger Resources Limited
Thursday, 5 Feb 2015 01:16am EST 

Tiger Resources Limited:Says that Acorn Capital Limited ceases to be substantial holder of the company.  Full Article

Tiger Resources Ltd completes acquisition of kipoi copper project; gives FY 2014 copper production guidance
Sunday, 19 Oct 2014 05:28pm EDT 

Tiger Resources Ltd:Says that on Aug. 28, 2014 it entered into an agreement with Gécamines to acquire the remaining 40 pct. shareholding in Société d’Exploitation de Kipoi SA (SEK) that it does not already own, resulting in SEK becoming a wholly-owned subsidiary of Tiger.SEK is the owner and operator of the Kipoi Copper Project in the Democratic Republic of Congo.The acquisition was completed on Oct. 17, 2014.The agreed purchase price of $111 million has now been paid.Says acquisition funding comprised a mix of debt and equity.Says During the quarter Tiger completed a A$73.4 million equity raising, and executed a $100 million finance facility with Taurus Mining Finance Fund, of which $50 million was drawn post quarter end to part fund the acquisition.Sees FY 2014 production guidance 14 kt copper, with 25 kt copper expected in the first 12 months of production.  Full Article

Tiger Resources Ltd announces completion of retail entitlement offer
Tuesday, 23 Sep 2014 06:26pm EDT 

Tiger Resources Ltd:Says that on Aug. 28, the company announced fully underwritten one for five non-renounceable entitlement offer to raise about $53.9 mln.Institutional component of entitlement offer was completed on Sept. 1, raising about $26.1 mln together with $19.5 mln placement to institutional investors.Retail component of entitlement offer closed on Sept. 19.Eligible retail shareholders have subscribed for a total of 3,625,992 shares (representing about $1.088 mln) under retail entitlement offer.As retail entitlement offer is fully underwritten, balance of 89,016,695 new shares (about $26.7 mln) comprising shares not subscribed for by eligible retail shareholders, together with entitlements of ineligible retail shareholders, will now be subscribed for under terms of underwriting agreement.Shares subscribed for under retail entitlement offer and shares subscribed for under the underwriting agreement are expected to be issued on Sept. 26, and commence quotation on ASX on Sept. 29.  Full Article

Acorn Capital Limited becomes initial substantial shareholder of Tiger Resources Limited
Wednesday, 17 Sep 2014 02:33am EDT 

Tiger Resources Limited:Says Acorn Capital Limited becomes initial substantial shareholder of the company effective Sept. 17 with 5.16 pct voting power.  Full Article

Chrsyalis Resources Limited announces decrease in share holding interest by Tiger Resources Limited
Monday, 15 Sep 2014 10:45pm EDT 

Chrsyalis Resources Limited:Says Tiger Resources Limited decreased share holdings from 45,568,894 ordinary shares to 45,568,894.Says voting power also decreased from 19.9 to 13.23 pct.  Full Article

Tiger Resources Ltd completes institutional components of capital raising
Monday, 1 Sep 2014 12:00am EDT 

Tiger Resources Ltd:Announces completion of the institutional components of its capital raising announced on Aug. 28, 2014.Says these components, which comprise a $19.5 million placement and the $26.1 million institutional component of a pro-rata non-renounceable entitlement offer, have raised a total of $45.6 million.Shares subscribed under the institutional components of the capital raising are expected to be issued on Sept. 8, 2014 and commence trading on a normal basis on ASX on Sept. 9, 2014.  Full Article

Tiger Resources Ltd acquires to acquire remaining 40 pct interest in kipoi copper project
Wednesday, 27 Aug 2014 07:43pm EDT 

Tiger Resources Ltd:Entered into an agreement to acquire remaining 40 pct shareholding in Société d’Exploitation de Kipoi SA (SEK).SEK is owner of Kipoi Copper Project in Democratic Republic of Congo.Tiger Group currently holds 60 pct of shares in SEK.Company will acquire remaining 40 pct interest, resulting in SEK becoming wholly-owned subsidiary of Tiger.  Full Article