REG - Paternoster Res. Metal Tiger PLC - Sale of shares in Metal Tiger plc <Origin Href="QuoteRef">MTRM.L</Origin> <Origin Href="QuoteRef">PRSPA.L</Origin>

Riverfort Global OpportunitiesAnnouncement

05/04/2016 15:50

RNS Number : 2594U
Paternoster Resources PLC
05 April 2016
5 April 2016
Paternoster Resources plc
("Paternoster" or the "Company")
Sale of shares in Metal Tiger plc
Paternoster Resources plc, the investing company focused on the natural resources sector, is pleased to announce the sale of 6.28 million shares in Metal Tiger plc ("Metal Tiger") at an average price of 5.42 pence per share for a total consideration of 340,000 before expenses. This represents a 6.0 times return on this portion of Paternoster's original investment in Metal Tiger and it continues to hold 14.2 million shares, equating to a shareholding of 2.96%. 
Nicholas Lee, Chairman said:
"Given the continued increase in the Metal Tiger share price, we believe that it is only prudent to realise more of the very significant return that we have made from this investment to date." 
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:

Stockdale 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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