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Tiger Resources Limited
Underwriting of Exercise of 31 March 2008 Options
Balcatta, Western Australia, Australia. 31 March 2008. Tiger Resources Limited (ASX: TGS) is pleased to announce that it has entered into underwriting agreements with RBC Capital Markets and Tolhurst Ltd (“Underwriters”) in respect of options exercisable at $0.45 each and expiring 31 March 2008.
Under the terms of the agreements the Underwriters will arrange for the subscription of that number of shares equivalent to the number of unexercised options to the extent of $22.7 million. The underwriting agreement is subject to standard termination conditions. A fee of 6% will be payable to the Underwriters under the terms of the underwriting agreement.
The funds from the exercise of the March 2008 options and the placement of the shortfall referred to above will be used for exploration and development of the Company’s projects in the Democratic Republic of Congo, as a contribution to the amount required to be paid to complete the acquisition of Congo Minerals sprl after completion of a feasibility study at the Kipoi Project, and for working capital and general corporate purposes.
D YOUNG Managing
Director
For further information in respect of the Company’s activities, please contact:
Tiger Resources Ltd.
D. J. Young, Managing Director
Richard Taylor, Investor Relations
Reg Gillard, Chairman
30 Ledgar Road
Balcatta, Western Australia 6021
Australia
Tel. +61 (8) 9240 1933
Fax +61 (8) 9240 2406
http://www.tigerez.com/
http://www.tigerresources.de/
AXINO AG
investor & media relations
Königstraße 26
70173 Stuttgart
Germany
Tel. +49 (711) 253592-30
Fax +49 (711) 253592-33
http://www.axino.de/
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