Investment Update

RNS Number : 4855D

Paternoster Resources PLC

10 October 2018

 

10 October 2018

 Paternoster Resources plc

("Paternoster" or the "Company")

 Investment update

Since the announcement of the Company's interim results on 19 September 2018, the Company has continued to be active in deploying capital in RiverFort-arranged investments and, as at 28 September 2018, over £1.8 million has now been invested.  As a result, the majority of our investment portfolio now comprises income generating RiverFort-arranged investments.  Furthermore, as many of these investments include warrants issued in the underlying investee companies, our scope to benefit from the future equity performance of these companies is continuing to increase, in addition to the income received from these companies.

Nicholas Lee, Chairman commented:

"We are very pleased with the number of investment opportunities that have been made available to us and we are confident of being able to deploy the capital that we have raised earlier in the year."

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]

 

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