Altius (TSX: ALS) Confirms Waiver of Right of First Refusal Over Genesee Royalty
25 Avril 2014 - 1:30PM
Marketwired
Altius (TSX: ALS) Confirms Waiver of Right of First Refusal Over
Genesee Royalty
Anticipates closing of Prairie Royalties and CDP portfolio
acquisitions from Sherritt by April 30
ST. JOHN'S, NEWFOUNDLAND--(Marketwired - Apr 25, 2014) - Altius
Minerals Corporation (TSX:ALS) ("Altius") is pleased to announce
that a third party has agreed to waive its right of first refusal
over the Genesee coal royalty forming part of the coal and potash
royalty portfolio of Prairie Mines & Royalty Ltd. in which
Altius will indirectly own a 52.369% interest (the "Prairie
Royalties Acquisition"). In addition, a final order has been
granted by the Court of Queen's Bench of Alberta approving the plan
of arrangement under which Altius will complete the Prairie
Royalties Acquisition and the acquisition of Sherritt International
Corporation's 50% interest in Carbon Development Partnership
("CDP") (collectively, the "Acquisition"). It is currently expected
that the Acquisition will close by April 30, 2014, subject to the
fulfillment of all other closing conditions.
Altius has also entered into a definitive agreement with OTPPB
SCP Inc. ("OTPPB"), a subsidiary of Ontario Teachers' Pension Plan
Board, pursuant to which Altius will indirectly acquire OTPPB's 50%
interest in CDP (the "OTPPB CDP Acquisition"). The OTPPB CDP
Acquisition is expected to close within 30 days of the closing of
the Acquisition. Following the OTPPB CDP Acquisition, Altius will
own 100% of CDP.
About Altius
Altius is focused on the mining and resources sector through
prospect generation and the creation and acquisition of
royalties.
Altius holds an effective 0.3% net smelter return royalty on
the producing Voisey's Bay nickel-copper-cobalt mine and is
currently finalizing the acquisition of royalty interests for 11
production stage coal and potash mines that are located in western
Canada.
It has a 3% gross sales royalty on the development stage
Kami iron ore project of Alderon Iron Ore Corp. ("Alderon"), a 2%
gross sales royalty for the advanced exploration stage Central
Mineral Belt uranium project of Paladin Energy Limited, and several
other resource stage project royalties. Its project generation
pipeline contains a diversified portfolio of exploration stage
projects and royalties, many of which are being advanced through
various partner-funding arrangements.
Altius has also built a portfolio of directly and indirectly
held junior resource investments, including an ~25% shareholding in
Alderon (TSX:ADV), an ~8% shareholding in Virginia Mines Inc.
(TSX:VGQ), and an ~5.9% shareholding in Callinan Royalties Inc.
(TSX:CAA).
Altius has 27,595,821 shares issued and outstanding that are
listed on Canada's Toronto Stock Exchange. It is a member of both
the S&P/TSX Small Cap and S&P/TSX Global Mining
Indices.
Caution Regarding Forward‐Looking Statements and Information
This document includes certain statements that constitute
"forward‐looking statements" and "forward-looking information"
within the meaning of applicable securities laws (collectively,
"forward‐looking statements"). Forward-looking statements include
statements regarding Altius' intent, or the beliefs or current
expectations of Altius' officers and directors. Such
forward-looking statements are typically identified by words such
as "believe", "anticipate", "estimate", "project", "intend",
"expect", "may", "will", "plan", "should", "would", "contemplate",
"possible", "attempts", "seeks" and similar expressions.
Forward‐looking statements may relate to future outlook and
anticipated events or results.
By their very nature, forward‐looking statements involve
numerous assumptions, inherent risks and uncertainties, both
general and specific, and the risk that predictions and other
forward‐looking statements will not prove to be accurate. Do not
unduly rely on forward‐looking statements, as a number of important
factors, many of which are beyond Altius' control, could cause
actual results to differ materially from the estimates and
intentions expressed in such forward‐looking statements. These
factors include, but are not limited to, a change or other
circumstance that could give rise to the delay or failure to
complete the Acquisition or the OTPPB CDP Acquisition.
Forward‐looking statements speak only as of the date those
statements are made. Except as required by applicable law, Altius
does not assume any obligation to update, or to publicly announce
the results of any change to, any forward‐looking statement
contained herein to reflect actual results, future events or
developments, changes in assumptions or changes in other factors
affecting the forward‐looking statements.
Altius Minerals CorporationChad
Wells1.877.576.2209709.576.3441info@altiusminerals.comwww.altiusminerals.com
Altius Minerals (TSX:ALS)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Altius Minerals (TSX:ALS)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024