PATERNOSTER RESOURCES PLC


To assist with the implementation of this strategy, Paternoster has partnered with RiverFort Global Capital Ltd (“RiverFort”) to co-invest alongside Cuart Investments PCC Ltd (“Cuart”), a regulated fund of which RiverFort is the investment director. This strategic partnership will secure access to a pipeline of proprietary income-generating investment transactions. It will also enable Paternoster to rapidly diversify and increase the size of its portfolio by participating as an investor in investments arranged by RiverFort During calendar years 2016 and 2017, Cuart and its co-investors have deployed around US$76 million, primarily via credit-based mezzanine instruments. Junior companies in the natural resources sector can provide outstanding returns when they can access the capital required to liberate value. Lack of access to institutional investors at this end of the market constrains capital availability. Also, for institutional investors, it can be challenging to deploy equity capital to junior companies due to their size and stage of development. Paternoster can solve this challenge by providing an investment company for investors that can scale and offer credit-backed exposure to the junior sector. Paternoster is focused on filling this funding gap and, with more limited funding competition in this part of the market, opportunities to achieve attractive returns are available. Paternoster has developed a sophisticated understanding of the natural resources sector through its equity investing and is now evolving that strategy to reduce volatility and to generate income, in addition to capital growth. Paternoster will seek to secure superior downside protection compared to equity investing by focusing on investing in companies using convertible, mezzanine, senior debt, and royalty/long term income instruments. The principal focus will be on investments of US$3 million to 10 million on a syndicated basis. Cash interest, fees, trading profits and other income streams earned will form the basis of dividend distributions to shareholders. Whilst the current investment focus is on the natural resources sector this may be expanded to include additional growth sectors where the appropriate returns can be achieved Paternoster has recently entered into an agreement with RiverFort Global Capital Ltd (“RiverFort”), the specialist provider of financing to the natural resources sector, whereby Paternoster will work closely with and co-invest alongside RiverFort in a range of opportunities within the natural resources sector.
Bank NamePATERNOSTER RESOURCES PLC
Stock ExchangeLSE
SymbolPRSL
SectorFinancials
IndustryFinancial Services
CountryBritish Virgin Islands
World RegionNorth America
Chairman
CEOMr. Nicholas Lee
Employees2
Websitepaternosterresources.com
Registered Year1932

  2017 2016 2015
  € m € m € m
Revenue      
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
       
Earnings per share      
Basic 0 0 0
Diluted 0 0 0
       
Assets      
Total current assets 677.307 477.416 531.72
Other assets
Total assets 3,626.82 3,035.08 2,823.48
Total current liabilities 42.37 86.669 64.697
Total liabilitieTs 42.37 86.669 64.697
Total Equity 3,584.45 2,948.41 2,758.78
       
Net income      
Net cash provided by operating activities 0 0 0
Net cash used for investment activities 0 0 1
Net cash provided by financing activities 0 0
       
       
Source:http://www.paternosterresources.com      
Currency in EUR, All numbers in million.      

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