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Paternoster Resources bits off chunk of Palemos

Thu, 11th Aug 2016 11:36

(ShareCast News) - Paternoster Resources announced on Thursday that it has acquired 375 million shares in Polemos at a price of 0.04p per share from existing shareholders, for an aggregate consideration of £0.15m.The AIM-traded company said this represents a shareholding in the company of 24.6%.It said the consideration of £0.15m will be satisfied by the issue of 93,750,000 new ordinary shares in Paternoster."This investment provides Paternoster with a significant interest in an AIM listed company with a cash balance at an attractive valuation," said Paternoster chairman Nicholas Lee.Based on the balance sheet as at 31 December and the proceeds from two placings that took place during 2016, Polemos is estimated to have cash or cash equivalents of around £0.4m.The current market capitalisation of the company is £0.61m, Paternoster reported.Polemos is an investment company with an investment strategy which, in particular, includes a focus on the natural resources sector.For the year ended 31 December 2015, the company reported a loss before taxation from continuing operations of £0.149m.
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7 Nov 2018 14:55

Canaccord Genuity Doubles Paternoster Resources Stake (ALLISS)

LONDON (Alliance News) - Paternoster Resources PLC said Wednesday that Canaccord Genuity Group PLC had increased its stake in the natural resources investor to 15% after a transaction on Genuity a

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31 Oct 2018 12:41

Paternoster Resources Raises Cash For Future Investment Plans (ALLISS)

LONDON (Alliance News) - Paternoster Resources PLC said Wednesday it has raised GBP500,000 in a share placing as it seeks further investment opportunities.The investment company, focused on

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19 Oct 2018 16:02

UK Shareholder Meetings Calendar - Next 7 Days

Monday 22 OctoberCity of London Investment GroupVast ResourcesTuesday 23 24 25 & Smart 26

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19 Sep 2018 12:16

Paternoster Resources Interim Loss Narrows As Investments Pay Off

LONDON (Alliance News) - Paternoster Resources PLC said Wednesday that its loss for the first half of the year narrowed as its fee and investment income multiplied.For the six months to 30,

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19 Jul 2018 15:06

GAEA Resources Holding In Paternoster Resources Reduced To 0.5% (ALLISS)

LONDON (Alliance News) - Paternoster Resources PLC said Thursday GAEA Resources Ltd now holds a 0.5% stake in the company.Prior to the transaction on June 26, GAEA held a 13% holding in an

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5 Jul 2018 15:44

Canaccord Now Has 7.95% Stake In Paternoster Resources (ALLISS)

LONDON (Alliance News) - Paternoster Resources PLC said Thursday that Canaccord Genuity Group Inc took its holding in the company to 7.95%.Canaccord's previous stake in the natural was

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4 Jul 2018 17:23

DIRECTOR DEALINGS: Two Paternoster Resources Directors Buy Shares

LONDON (Alliance News) - Paternoster Resources PLC said that its Chairman Nicholas Lee and Non-Executive Director Andrew Nesbitt purchased shares on Tuesday at a price of 0.1 pence per acquired in

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6 Feb 2017 14:42

Paternoster Resources subscribes for Glenwick shares

(ShareCast News) - Shares in Paternoster Resources are down 5% after it subscribed for £130,000 worth of new shares in Glenwick Plc at 0.05p each, providing the latter with funds for general working capital and to progress its proposed buy of Cora Gold Ltd. Glenwick said earlier today it had entered

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6 Feb 2017 08:10

Glenwick To Acquire Hummingbird Spin-Out Cora Gold (ALLISS)

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28 Nov 2016 10:11

Pires Investment Raises GBP150,000 In Placing Including Paternoster (ALLISS)

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2 Nov 2016 14:57

UPDATE: Pires Investments Raises GBP525,000 Via Share Placing (ALLISS)

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16 Sep 2016 14:16

Paternoster Resources' half year pre-tax profit rises

(ShareCast News) - Oil and gas investment company Paternoster Resources' pre-tax profit increased as the company sold shares in existing mining investments. For the six months ended 30 June, profits after tax rose 61.5% to £443,170, compared to the same period in last year. The investment portfolio

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1 Jul 2016 15:02

UK Shareholder Meetings Calendar - Next 7 Days

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17 Jun 2016 08:42

CORRECT: DIRECTOR DEALINGS: Paternoster Chairman Buys Shares

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