Business
Sale of shares in Metal Tiger plc
Sale of shares in Metal Tiger plc.
About this update from Tooru Plc
[{"type":"text","content":"\n \nRNS Number : 2594U Paternoster Resources PLC 05 April 2016 \n\n5 April 2016\n \nPaternoster Resources plc\n \n(\"Paternoster\" or the \"Company\")\n \nSale of shares in Metal Tiger plc\n \nPaternoster Resources plc, the investing company focused on the natural resources sector, is pleased to announce the sale of 6.28 million shares in Metal Tiger plc (\"Metal Tiger\") at an average price of 5.42 pence per share for a total consideration of £340,000 before expenses. This represents a 6.0 times return on this portion of Paternoster's original investment in Metal Tiger and it continues to hold 14.2 million shares, equating to a shareholding of 2.96%. \n \nNicholas Lee, Chairman said:\n \n\"Given the continued increase in the Metal Tiger share price, we believe that it is only prudent to realise more of the very significant return that we have made from this investment to date.\" \nFor more information please contact:\n\n\n\n\nPaternoster Resources plc:\n\n\n\n\n\n\n\nNicholas Lee, Chairman\nMatt Lofgran, Non-Executive Director\n\n\n+44 20 7580 7576\n+1 480 993 8933\n\n\n\n\n \n\n\n\n\nNominated Advisor and Joint Broker:\n\n\n\n\n\n\n\nStockdale Securities\n\n\n\n\n\n\n\nAntonio Bossi/David Coaten\n\n\n+44 20 7601 6100\n\n\n\n\n \n\n\n\n\nJoint Broker:\n\n\n\n\n\n\n\nPeterhouse Corporate Finance\n\n\n\n\n\n\n\nLucy Williams\n\n\n+44 20 7562 3351\n\n\n\n\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISEALLSELXKEFF\n ","length":4064,"tagName":"div"}]