Perth, Western Australia: Tiger Resources Limited (ASX: TGS) is pleased to announce that it has placed 100 million shares at an issue price of A$0.34 per share to raise A$34 million to institutional, sophisticated and professional investors and has entered into an agreement to raise a further A$8.5 million from a second placement tranche of 25 million shares at the same issue price to a key institutional long-only investment fund raising a total of $42.5 million.