Paternoster Sells 1.4% Stake In Metal Tiger; Still Holds 4.7% (ALLISS)

Wed, 16th Mar 2016 10:04

LONDON (Alliance News) - Natural resources investing company Paternoster Resources PLC on Wednesday said it has sold shares in AIM-listed peer Metal Tiger PLC.

Paternoster sold 6.0 million Metal Tiger shares for 2.775 pence per share, taking the total transaction value to GBP166,500. The sale represents a three-times return on investment for Paternoster.

Paternoster holds 21.0 million Metal Tiger shares following the sale, or around a 4.7% stake.

Shares in Paternoster were down 0.9% to 0.17p, while Metal Tiger shares were up 3.6% to 2.62p.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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