REG - Paternoster Res. - Shareholder update <Origin Href="QuoteRef">PRSPA.L</Origin>

Riverfort Global OpportunitiesAnnouncement

13/03/2017 07:07

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
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