Tigers Realm has $20m sale goal

Sarah Thompson and Anthony Macdonald

Updated Mar 27, 2012 – 12.03am, first published at Mar 26, 2012 – 11.19am

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Owen Hegarty ’s Tigers Realm Coal is seeking a cornerstone investor to take up to a 30 per cent stake in the coal play, as first reported on Street Talk Online yesterday.

It is understood Tigers Realm is in talks with potential investors, looking to raise up to $20 million through the sale of a 15 to 30 per cent stake. A sale process is expected to run over the coming months.