Announcement by Astar

RNS Number : 3196C

Paternoster Resources PLC

14 March 2014

 



Paternoster Resources plc

("Paternoster" or the "Company")

Announcement by Astar

Paternoster is pleased to note the announcement today in relation to one of its investments, Astar Minerals plc ("Astar").

Astar announced today that it has conditionally raised £1.05 million via a proposed placing.  In order to effect the placing, Astar will require shareholder consent to, inter alia, increase its existing authority to allot shares for cash on a non pre-emptive basis.  Accordingly, a circular, which contains further details of the proposed placing, will today be posted to all Astar shareholders together with a Notice of General Meeting.

For more information please contact:

Paternoster Resources plc:
Nicholas Lee, Chairman	[phone]

Nominated Advisor and Joint Broker:
Westhouse Securities
Antonio Bossi / Paul Gillam	[phone]

Joint Broker:
Peterhouse Capital Limited
Jon Levinson	[phone]

 

END

 

 

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