We are pleased to announce our appointment as corporate broker for Tiger Royalties & Investments, (“Tiger”) following the successful execution of binding legal documents to expand the existing Investing Policy of Tiger to include technology incubation and an equity placing of £3,000,000 (the “Placing”) at 0.1 pence per ordinary share of Tiger (the “Placing Price”).
The expansion involves the acquisition of a technology SPV established by Jonathan Bixby (the “Target”), the serial technology entrepreneur who has successfully founded listed technology companies Phoenix Digital Assets Plc (formerly NFT Investments Plc), Cykel AI Plc and Argo Blockchain Plc. As part of the Acquisition Jonathan Bixby has agreed to subscribe for shares in the Target at the Placing Price.
The Acquisition, once closed, will enable Tiger to diversify its existing Investing Policy beyond natural resources to include technology incubation and mentorship. As part of the incubation and mentorship processes carried out by the Target for various technology enterprises (the “Enterprises”), the Target will receive a “carry” on capital raises, which make include participation in tokens or ‘memecoins’ from ICOs undertaken by the Enterprises.
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