REG - Paternoster Res. - Investment in New World Oil and Gas plc <Origin Href="QuoteRef">PRSPA.L</Origin>

Riverfort Global OpportunitiesAnnouncement

19/11/2015 08:21

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 256,688. 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 Director
+44 20 7580 7576
+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
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