Paternoster Resources PLC Shareholder update (2153Z)
13 Marzo 2017 - 8:01AM
UK Regulatory
TIDMPRS
RNS Number : 2153Z
Paternoster Resources PLC
13 March 2017
13 March 2017
PATERNOSTER RESOURCES PLC
"Paternoster" or the "Company"
Shareholder update
Paternoster is pleased to announce that it has been informed, on
10 March 2017, that GAEA Resources Limited ("GAEA"), a trading
company based in Hong Kong, has acquired 230,656,957 existing
ordinary shares in Paternoster, representing a 22.7% interest in
the Company. GAEA operates within the natural resources sector and
has excellent financial and commercial relationships in the Far
East. Paternoster believes that this new alliance will provide the
Company with enhanced access to attractive investment opportunities
and additional capital.
Nicholas Lee, Chairman said:
"I am very pleased to welcome GAEA as a significant and
supportive shareholder and believe that, going forward, this
relationship will be highly beneficial to the Company and its
shareholders. This investment by GAEA clearly underlines the value
proposition at Paternoster".
For more information please contact:
Paternoster Resources plc:
Nicholas Lee, Chairman +44 (0) 20 7580 7576
Nominated Adviser and Joint Broker: +44 (0) 20 7601 6100
Stockdale Securities
Antonio Bossi/David Coaten
Joint Broker: +44 (0) 20 7562 3351
Peterhouse Capital Limited
Lucy Williams
PR:
Cassiopeia Services +44 (0) 7949 690338
Stefania Barbaglio
This information is provided by RNS
The company news service from the London Stock Exchange
END
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