Jan 22 (Reuters) - Tiger Resources Ltd TGS.AX :
* TO DIVEST DRC OPERATIONS TO A CONSORTIUM COMPRISING SINOMINE RESOURCE EXPLORATION AND SHENZHEN ORIENTAL FORTUNE CAPITAL
* ENTERES AGREEMENT WITH SINOMINE FUHAI (HONG KONG) OVERSEAS RESOURCE INVESTMENT FOR SALE OF 100% OF ITS SHARES IN CO'S UNITS
* CO ENTITLED TO RECEIVE $260 MILLION, COMPRISING CASH PAYMENTS TOTALLING $250 MILLION & ASSUMPTION OF LIABILITIES BY SINOMINE HK OF $10 MILLION
* TIGER TO RECEIVE ROYALTY PAYMENTS FROM REVENUE GENERATED FROM SALE OF COPPER AND COBALT BY SINOMINE HK OF UP TO US$20 MILLION
* TRANSACTION TO RESULT IN SINOMINE HK ACQUIRING CO'S INTEREST IN MINING & EXPLORATION ASSETS IN DEMOCRATIC REPUBLIC OF CONGO