Tiger Royalties' African Pioneer to buy assets, list in London

Tiger Royalties' African Pioneer to buy assets, list in London
Mon, 15th Mar 2021 10:10
(Alliance News) - Tiger Royalties & Investments PLC on Monday said subsidiary African Pioneer PLC is looking to list on the London Stock Exchange.
Tiger Royalties holds 50.75% of African Pioneer, which has been a subsidiary of the group since 2012. Colin Bird, Tiger's chair, as well as Raju Samtani, Tiger's finance director, are both directors of African Pioneer.
African Pioneer has identified exploration assets in the mining sector based in Zambia, Namibia and Botswana and has entered into agreements to buy three companies and their projects.
The first is Zamcu Exploration Pty Ltd, which via its subsidiaries Manmar Investments One Hundred & Twenty Nine (Pty) Ltd and Manmar Investments One Three Six (Pty) Ltd holds a 70% interest in two Namibia exclusive prospecting licenses located within the Matchless amphibolite Belt of central Namibia for GBP798,981.

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