News: Tiger Resources finance director buys one million shares on-market

Tiger Resources (ASX:TGS) finance director Stephen Hills has aligned his interests with shareholders by acquiring 1 million shares in the company through an on-market trade.

He paid $127,500, or $0.1275 each, for the shares, taking his total holding up to 1,613,863 shares.

In November, Tiger was assigned a ‘B-’ credit rating from Standard and Poor’s and a provisional ‘B2’ credit rating from Moody’s Investor Services.

This first time assignment of credit ratings is a milestone as the company progresses its strategy to restructure its existing facilities.

It has also maintained its 2014 production guidance of 14,000 tonnes copper cathode from its Kipoi Copper Project in the Democratic Republic of Congo following strong performance in the September quarter.

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