| Royalty Update: Salamanca | |
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Anglo Pacific Group PLC ('Anglo Pacific' or the 'Company') (LSE: APF, TSX: APY) is pleased to announce that Berkeley Energia Limited ('Berkeley') has entered into a US$10 million financing package with Resource Capital Funds, a significant Berkeley shareholder. The financing comprises the issue of US$5 million of Berkeley ordinary shares at a premium to the 10-day and 30-day VWAP, and US$5 million for a 0.375% net smelter return ('NSR') royalty over the Salamanca project.
In December 2009, Anglo Pacific acquired a 1% NSR royalty applicable to production from Berkeley's Spanish and Portuguese assets for A$4.1 million which continues to be its carrying value. Anglo Pacific holds 30.3 million Berkeley ordinary shares.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
'We are encouraged by this financing event, which implies a ~US$13 million valuation of Anglo Pacific's existing 1% NSR royalty, a multiple of our asset value, and also minimises shareholder dilution. We look forward to Berkeley undertaking initial infrastructure development, and ultimately to first production at Salamanca.'
For a full copy of this release please click here.
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Anglo Pacific Group plc
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PRODUCTEUR |
CODE : APF.L |
ISIN : GB0006449366 |
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Anglo Pacific est une société basée au Royaume-Uni. Anglo Pacific est productrice de fer au Bresil, et détient divers projets d'exploration au Bresil. Son principal projet en production est AMAPA au Bresil. Anglo Pacific est cotée au Royaume-Uni, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,7 milliards GBX (31,9 milliards US$, 32,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 septembre 2001 à 10,02 GBX, et son plus haut niveau récent le 05 octobre 2022 à 157,00 GBX. Anglo Pacific possède 169 942 000 actions en circulation. |