Debt stalking Tiger after shocking copper quarter

TIGER Resources has revealed a very poor March quarter operationally while securing US$13.2 million of interim funding support that’ll allow it “to pursue initiatives designed to improve operational and financial performance” of its Kipoi copper production business in Democratic Republic of Congo.

Debt stalking Tiger after shocking copper quarter Debt stalking Tiger after shocking copper quarter Debt stalking Tiger after shocking copper quarter Debt stalking Tiger after shocking copper quarter Debt stalking Tiger after shocking copper quarter

To keep on trucking in the DRC Tiger needs to dramatically improve its operational performance and deal with more than US$225 million of debt

The funding from Taurus Mining Finance comes as the company attempts to restructure its current debt, which as of March 31, stood at $225.5 million.

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