Investment in Ortac Resources Limited ("Ortac")
Paternoster is pleased to announce that it has subscribed for new ordinary shares in Ortac Resources Limited at a price of 0.025 pence per share as part of the company's recent placings. Paternoster has invested £210,000 in cash, following which the Company will hold 840,000,000 shares in Ortac, representing 11.7 % of the company. At the same time, Paternoster has sold to Ortac its entire existing shareholding of 640,000 shares in Andiamo Exploration Limited ("Andiamo") for £50,000 in cash.
Ortac is listed on AIM and is an exploration and development company focused on natural resources projects.