17/06/2008 - 10:57

Tiger Resources to list on TSX

17/06/2008 - 10:57

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Balcatta-based resource company Tiger Resources Ltd has received approval to list its ordinary shares on the Toronto Stock Exchange and plans to list early next month.

Balcatta-based resource company Tiger Resources Ltd has received approval to list its ordinary shares on the Toronto Stock Exchange and plans to list early next month.

The company said increasing interest from investors in the northern hemisphere provided the impetus for the dual listing on the TSX, with the Royal Bank of Canada and Haywood Securities Inc providing strong support.

Tiger's ordinary shares will continue to trade on the Australian Securities Exchange and will be transferrable between the two markets on a one-for-one basis.

Tiger said a capital raising associated with the TSX listing is not required.

A copy of the announcement is below:

Tiger Resources Limited ("Tiger") is pleased to advise that it has received conditional approval to list its ordinary shares on the Toronto Stock Exchange ("TSX"). Listing of the ordinary shares will be subject to Tiger fulfilling the listing requirements of the TSX. Tiger anticipates satisfying the TSX's requirements for listing in early July 2008.

The dual listing on the TSX reflects the substantial interest received in Tiger and its projects from investors in the northern hemisphere. In June 2007 Tiger completed a private placement to clients of Haywood Securities Inc ("Haywood") in North America and Europe, and in March 2008 the Royal Bank of Canada ("RBC") led the underwriting of the exercise of 31 March 2008 options.

Tiger has received strong support from RBC and Haywood for the TSX listing. The TSX listing is a key part of the corporate strategy as Tiger moves from explorer to emerging producer status. Tiger believes that the TSX listing will increase its profile in North America, allow for simplified peer group comparison and assist Tiger achieve its financing objectives for the development of its projects in the Democratic Republic of Congo. Companies operating producing copper mines in the DRC that are listed on the TSX include Katanga Mining, Anvil Mining, Teal Mining and First Quantum.

Tiger's ordinary shares will continue to trade on the Australian Securities Exchange ("ASX"). The trading code for Tiger's shares will be "TGS" for both the ASX and the TSX. Computershare will provide share registry services to Tiger in Australia and in Canada, and shares will be transferrable between the two markets on a one for one basis. There will not be a capital raising associated with the TSX listing.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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