Office Address:1
st
Floor, 30 Ledgar Road, Balcatta, Western Australia 6021
Postal Address: PO Box 717, Balcatta Western Australia 6914
Phone: +61 8 9240 1933 Fax: +61 8 9240 2406 Email:
tiger@tigerez.com
Web: www.tigerez.com
ACN 077 110 304
23 November 2009
TIGER COMPLETES ACQUISITION OF GROUPE ORGAMAN'S INTEREST
IN THE KIPOI PROJECT FOR US$3 MILLION
Perth, Western Australia: Tiger Resources Limited (ASX / TSX: TGS) ("the Company" or "Tiger") is
pleased to announce that it has completed the acquisition of the outstanding 15% interest in
Tiger Congo sprl from Groupe Orgaman for US$3 million in cash.
A diagram showing the revised ownership structure of the Kipoi Project is attached at Table 1.
The Company believes the acquisition of Groupe Orgaman's interest in Tiger Congo is a
significant step forward in consolidating the Company's interest in the Kipoi Project and
simplifying the ownership structure.
The final payment required in order to complete the Company's acquisition of its interest in the
Kipoi Project is the payment of US$12 million to the project vendors by May 2010. As noted in
the Company's news release dated 9 November 2009, this payment is to be funded from the
US$33.9 million (approximate) combined equity and debt financing package from Trafigura
Beheer BV (refer news releases dated 9 and 13 November 2009 for further details of the terms
of this financing package).
For further information in respect of the Company's activities, please contact:
David Young
Reg Gillard
Patrick Flint
Managing Director
Chairman
Director
Tel: (+61 8) 9240 1933
Tel: (+61 8) 9240 1933
Tel: (+61 8) 9240 1933
Email: dyoung@tigerez.com
Email: rgillard@tigerez.com
Email: pflint@tigerez.com
Company website: www.tigerresources.com.au
Page 2 of 2
Additional Notes:
Caution Regarding Forward Looking Statements and Forward Looking Information: This release contains
forward-looking statements and forward looking information, which are based on assumptions and
judgments of management regarding future events and results. Such forward-looking statements and
forward looking information, including but not limited to those with respect to Tiger's intention to
undertake a debt financing package and the acquisition by Tiger Congo sprl of Congo Minerals sprl and its
interest in the Kipoi Project, involve known and unknown risks, uncertainties, and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any
anticipated future results, performance or achievements expressed or implied by such forward-looking
statements. Assumptions upon which such forward-looking statements are based include that Tiger and
Trafigura will be able to satisfy the conditions in the debt facility, that Tiger and Trafigura will be able to
agree on the terms of a debt facility and ancillary agreements, that all third party regulatory and
governmental approvals to the transaction will be obtained and all other conditions to completion of the
transaction will be satisfied or waived, the actual market prices of copper, cobalt and silver, the actual
results of current exploration, the availability of debt financing for a company that does not have any
producing properties, the volatility currently being experienced in global financial markets, the actual
results of future mining, processing and development activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the Company's Annual Information Form,
under the heading "Risk Factors". The Company's Annual Information Form is available under the
Company's profile on SEDAR at www.sedar.com.
TABLE 1 REVISED OWNERSHIP INTERESTS KIPOI PROJECT
100%
100%
50% (Agreement to acquire 100% by May 2010)
60%
40%
100%
Tiger Resources Ltd
Tiger Congo sprl
Congo Minerals sprl
SEK sprl
Gecamines
Kipoi Project
(PE533,
PRs 11383 11387)
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