Tiger Resources Limited - Proposed issue of options

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ASX Code: TGS
TSX Code: TGS

PERTH, Western Australia, March 8, 2012 /CNW/ -

The Manager
ASX Market Announcements
ASX Limited
Level 4, 20 Bridge Street
Sydney NSW 2000

Dear Sir

PROPOSED ISSUE OF OPTIONS

The Board of Directors of Tiger Resources Limited, excluding Mr Neil Fearis and Mr David Constable, has resolved to seek shareholder approval at the forthcoming annual general meeting on 22 May 2012 for the issue of options to non-executive directors.  Shareholder approval will be sought for the grant of 1,000,000 options and 600,000 options to Mr Fearis and Mr Constable respectively with an exercise price of $0.46 each (being a 5% premium to the 20-day volume-weighted average price of the Company's shares on the ASX preceding the Board's resolution) and an expiry date of 31 December 2014. 

Yours faithfully

Susmit Shah
Company Secretary

Level 1, 1152 Hay Street, West Perth, WA 6005 - PO Box 379, West Perth, WA 6872
T: [phone]    F: [phone]    E: [email protected]   W: www.tigerresources.com.au