Paternoster Resources PLC Sale of shares in Metal Tiger plc (2594U)

TIDMPRS TIDMMTR

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 GBP340,000 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    +44 20 7580 7576 
  Director                        +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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April 05, 2016 10:50 ET (14:50 GMT)

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