Paternoster Resources PLC Investment in New World Oil and Gas plc (2675G)
19 Novembre 2015 - 9:26AM
UK Regulatory
TIDMPRS
RNS Number : 2675G
Paternoster Resources PLC
19 November 2015
19 November 2015
Paternoster Resources plc
("Paternoster" or the "Company")
Investment in New World Oil and Gas plc ("New World")
Paternoster is pleased to announce that the resolutions to
appoint your chairman and Adam Reynolds to the board of New World
have been passed at the New World AGM. On 18 September 2015,
Paternoster acquired 366,618,383 shares in New World at a price of
0.07 pence per share, for an aggregate consideration of GBP256,688.
This represents a shareholding in the company of 8.0%.
Nicholas Lee, Chairman said
"The company's share price has already responded positively and
I am very much looking forward to working with the board of New
World to develop and implement a clear strategy for the company
going forward in order to generate value for all shareholders."
For more information please contact:
Paternoster Resources
plc:
Nicholas Lee, Chairman
Matt Lofgran, Non-Executive +44 20 7580 7576
Director +1 480 993 8933
Nominated Advisor and
Joint Broker:
Westhouse Securities
Antonio Bossi/David Coaten +44 20 7601 6100
Joint Broker:
Peterhouse Corporate Finance
Lucy Williams +44 20 7562 3351
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 19, 2015 03:26 ET (08:26 GMT)
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