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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Paternoster Res | LSE:PRS | London | Ordinary Share | GB0001636918 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.095 | 0.09 | 0.10 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPRS
RNS Number : 1617O
Paternoster Resources PLC
02 November 2016
2 November 2016
Paternoster Resources plc
("Paternoster" or the "Company")
Subscription for shares in Pires Investments plc ("Pires")
Paternoster is pleased to announce that it has subscribed for 5,000,000 new ordinary shares in Pires Investments plc, as part of the company's recent placing, at a price of 3 pence per share for an aggregate investment of GBP150,000. This will give Paternoster a shareholding in the company of 17.3% post admission of the placing shares. As part of this investment, Paternoster will also be receiving 2,500,000 warrants to subscribe for new ordinary shares in Pires at a price of 4.25p at any time up to 2 May 2018.
Pires is an investment company listed on AIM with a particular focus on the natural resources sector. As at 30 April 2016, based on the company's unaudited half year results statement, the company had net assets of GBP573,000.
Nicholas Lee, Chairman said
"This investment provides Paternoster with a significant interest in an AIM listed company with a cash balance at an attractive valuation."
For more information, please contact:
Paternoster Resources plc: Nicholas Lee, Chairman +44 20 7580 7576 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
END
MSCLLFFSLILFIIR
(END) Dow Jones Newswires
November 02, 2016 10:27 ET (14:27 GMT)
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