Completes Institutional components of Capital Raising
Perth, Sep 1, 2014 AEST (ABN Newswire) - Tiger Resources Limited (
ASX:TGS) ("Tiger") is pleased to announce the successful completion of the institutional components of its capital raising announced on 28 August 2014. 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 (before expenses).
Shares subscribed for under the institutional components of the capital raising are expected to be issued on Monday, 8 September 2014 and commence trading on a normal basis on ASX on Tuesday, 9 September 2014.
The institutional components of the capital raising received strong support from Tiger's existing shareholders and a number of new domestic and international institutional investors.
RETAIL ENTITLEMENT OFFER
The retail component of the entitlement offer will open on Friday, 5 September 2014 and close at 5:00pm (Sydney time) on Friday, 19 September 2014.
Eligible retail shareholders will be able to subscribe for 1 fully paid ordinary share ("New Share") for every 5 existing Tiger shares held on the record date of 7:00pm (Sydney time) on Tuesday, 2 September 2014, at the same offer price of $0.30 per New Share as the placement and institutional component of the entitlement offer.
Eligible retail shareholders will be sent a Retail Offer Booklet on or around Friday, 5 September 2014 together with a personalised Entitlement and Acceptance Form.
About Tiger Resources Limited
Tiger Resources Limited (ASX:TGS) has established itself as a producing copper/cobalt company with excellent growth potential after making the transition from an explorer. We have a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the Democratic Republic of the Congo (DRC), central Africa.
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