Tiger Resources Limited (Tiger) recently announced a capital raising of A$42.5 million through a two tranche placement to new and existing institutional investors at a price of A$0.34 per share. Simultaneously Tiger announced that it would implement a share purchase plan (SPP) under which all shareholders will be able to acquire additional shares at the same offer price (A$0.34 per share). A maximum of 23.5 million shares will be issued under the SPP.