Business
Agreement with Riverfort and share placing
Agreement with Riverfort and share placing.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 2337C Paternoster Resources PLC 18 January 2018 \n\n18 January 2018\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES\n \n \nPaternoster Resources plc\n \n(\"Paternoster\" or the \"Company\")\n \nAgreement with RiverFort Global Capital and share placing\n \nPaternoster is pleased to announce that it has entered into an agreement with RiverFort Global Capital Ltd (\"RiverFort\"), the specialist provider of financing to the natural resources sector, whereby Paternoster will work closely with and co-invest alongside RiverFort in a range of opportunities within the natural resources sector. \n \nRiverFort is a highly-respected provider of specialist financing to the natural resources sector, providing equity, convertible debt and senior project finance solutions. As a participating co-investor with Cuart Investments PCC Limited, a Gibraltar Experienced Investor Fund to which RiverFort is the investment director, Paternoster will gain access to an exciting pipeline of investment opportunities. Furthermore, investors wishing to obtain exposure to RiverFort's investment opportunities will have the opportunity to do so through a listed vehicle by investing in Paternoster. This initiative is both in line with the Company's existing investing policy and will enable it to significantly increase its level of activity.\n \nSince its formation, RiverFort has been able to generate very attractive returns for its investors. In 2016, its first year of operation, Cuart Investments PCC Ltd - Cuart Growth Capital Fund I achieved an increase in its audited NAV of over 15% between July and December...