Directorate Change

RNS Number : 4545F

Paternoster Resources PLC

21 February 2018

 

21 February 2018

Paternoster Resources plc

("Paternoster" or the "Company")

 Board appointment  

The Board of Paternoster Resources plc is pleased to announce the appointment of Andrew Nesbitt as a Non-Executive Director to the Company with immediate effect.

Andrew is a qualified mining engineer and is a consultant to RiverFort Global Capital Ltd, the specialist provider of financing to the natural resources sector.  He holds a BSc (Eng) Mining and an MBA and has over 20 years of experience in the natural resources sector.  He has held various production and technical roles with both De Beers and Goldfields and has carried out a number of feasibility studies across the world with the leading technical consulting group SRK.  In addition, Andrew is also an experienced investor, having previously worked as a partner and portfolio manager for Craton Capital Pty Limited, a global precious metals fund with over US$400 million of assets under management.

Nicholas Lee, Chairman commented:

"We are very pleased that Andrew has agreed to join the Board and we look forward to benefiting from his knowledge and experience in portfolio management as well as his in-depth knowledge of the natural resources sector."

Current and past directorships or partnerships for Andrew Luke Nesbitt, aged 47, are set out below:

Current                                                                                              Past

K2016155842 (South Africa)                                       Craton Capital Pty Limited

Lingene Consulting

Integrated Business Engineered Consulting

  Solutions

There is no further information relating to Andrew Nesbitt required to be disclosed under Schedule Two, (g) (i)-(viii).

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information please contact:

Paternoster Resources plc:	[phone]
Nicholas Lee, Chairman

Nominated Advisor:	[phone]
Beaumont Cornish
Roland Cornish/Rosalind Hill Abrahams Joint Broker: Shard Capital Partners LLP                         Damon Heath Erik Woolgar Joint Broker: Peterhouse Corporate Finance                Lucy Williams	[phone] [phone]

 

END

 

 

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