News: Tiger Resources managing director buys shares on-market

Tiger Resources (ASX:TGS) managing director Bradley Marwood has acquired 704,314 shares in the company through an on-market trade.

He paid $98,604, or $0.14 each, taking his total holding up to 3,159,230 shares.

This follows finance director Stephen Hills acquiring 1 million shares on-market for $127,500.

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.