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St. John�s - Altius Minerals Corporation (�Altius�) announced today that it has amended the Schedule 13-D previously filed with respect to its 8,924,972 common shares of International Royalty Corporation (�IRC�) with the US Securities and Exchange Commission (�SEC�). With the filing of that amendment, Altius confirmed that on December 17, 2009, it entered into a Lock-Up Agreement with Royal Gold, Inc. (�Royal Gold�). Such agreement requires Altius, through its direct wholly-owned subsidiary Altius Resources Inc., to support the acquisition by Royal Gold of IRC by way of an arrangement or other alternative transaction, including by voting its common shares of IRC in favor of the arrangement or other transaction. The effectiveness of the Lock-Up Agreement was contingent on Royal Gold and IRC entering into an arrangement agreement, which was announced earlier today. The Lock-Up Agreement may be terminated by the parties under certain circumstances, including by Altius in the event that a superior bid for IRC is made by a third party. Royal Gold has the right to match any superior bid. A copy of the Lock-Up Agreement is attached as Exhibit 2 to the Schedule 13D-A filed with the SEC or is available at the Altius website at http://www.altiusminerals.com/files/13d-sec-ALS-dec18-09.pdf .
About Altius
Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. The Corporation has a strong financial position with approximately $132 million in cash and liquid investments and no debt. Altius owns an effective 0.3% net smelter return in the producing Voisey�s Bay nickel-copper-cobalt mine located in Labrador, Canada and has numerous active mineral exploration agreements principally in eastern Canada targeting a variety of mineral commodities. In addition, the Corporation holds 9.4% investment stake in International Royalty Corporation. Altius is a member of the TSX SmallCap index and currently has 28,430,895 shares outstanding.
For further information, please contact Chad Wells at 1.877.576.2209.
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Tel: (709) 576-3440 Toll Free: 1-877-576-2209 Fax: (709) 576-3441 Email: info@altiusminerals.com |
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Altius Minerals Corporation
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PRODUCTEUR |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Altius Min. est une société basée au Canada. Altius Min. est productrice de fer, de charbon, de cobalt, de cuivre et de nickel au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est VOISEY'S BAY au Canada et ses principaux projets en exploration sont LABRADOR PROJECT, NUIKLAVIK, ALEXIS RIVER, BOXEY POINT, NOTAKWANON, KAMISTAITUSSET, TOPSAILS, SOUTH TALLY POND, TAYLOR BROOK, ROCKY BROOK et VIKING au Canada. Altius Min. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 955,6 millions CA$ (699,4 millions US$, 653,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 CA$, et son plus haut niveau récent le 26 avril 2024 à 22,05 CA$. Altius Min. possède 43 340 000 actions en circulation. |