Business
Investment in Astar
Investment in Astar.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 8411B Paternoster Resources PLC 08 April 2013 \n \n\n \nPaternoster Resources plc\n \n(\"Paternoster\" or the \"Company\")\n \nRestructuring of Astar Minerals (\"Astar\")\nPaternoster is pleased to note the announcement by Astar of its proposed restructuring to become an investment company under the AIM rules, focused on the natural resources sector. As part of this restructuring, Paternoster has subscribed for 74 million new shares in Astar at the placing price of 0.15 pence, for an aggregate consideration of £111,000. As a result, post restructuring, Paternoster will hold 86 miilion shares in Astar, representing a shareholding of 29%.\nNicholas Lee, Chairman said\n \n\"The restructuring of Astar will allow the company to refocus and pursue a new strategy as an investment company\"\n \n \nFor more information please contact:\n \nPaternoster Resources plc:\nNicholas Lee, Chairman +44 20 7580 7576\n \nNominated Advisor and Joint Broker:\nWesthouse Securities\nAntonio Bossi / Paul Gillam +44 20 7601 6100\n \nJoint Broker:\nPeterhouse Capital Limited\nJon Levinson +44 20 7562 3351 \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEVLFBXZFFBBK\n ","length":2837,"tagName":"div"}]