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Tiger Resources director increases stake through on-market trade


Tiger Resources (ASX:TGS) non-executive director David Constable has demonstrated his confidence in its operations by increasing his stake in the company through an on-market purchase.

He bought 100,000 shares for a total of $12,000, or $0.12 each, increasing his direct shareholding to 150,000 shares.

Constable also holds 600,000 options exercisable at $0.46 each and expiring on 21 May 2015.

This follows on chairman Neil Fearis increasing his indirect interest in the company by 200,000 shares at an average price of $0.13 per share earlier this month.

Tiger is focused on reducing its net debt with cash flow from its Kipoi Copper Project in the Democratic Republic of Congo.

It is also confident of refinancing the US$100 million Taurus bridge facility which is due for repayment in mid-October 2015.

The solvent extraction and electrowinning plant at Kipoi continues to achieve nameplate copper cathode production rates of 25,000 tonnes per annum.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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