| Altius Acquires Stake in Avrupa Minerals Ltd. | |
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ST. JOHN'S , May 5, 2015 /CNW/ - Altius Minerals Corporation ("Altius") (ALS.TO) announced today that it has acquired control over 3,500,000 common shares of Avrupa Minerals Ltd. ("Avrupa") (AVU.V), representing 7.86% (on a non-diluted basis) of the outstanding common shares of Avrupa, and 3,500,000 common share purchase warrants of Avrupa, each entitling the holder to acquire one common share of Avrupa, upon due exercise thereof at any time prior to October 15, 2016 (the "Avrupa Warrants" and, together with the acquired common shares of Avrupa, the "Avrupa Securities"). If all of the Avrupa Warrants are exercised, Alitus will exercise control over 7,000,000 common shares of Avrupa, representing 15.71% of the outstanding common shares of Avrupa (on a non- diluted basis).
The Avrupa Securities are owned by Callinan Resources Corporation, a wholly-owned subsidiary of Altius which was acquired by Altius on May 5, 2015 , pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. The Avrupa Securities over which Altius exercises control will be held for investment purposes and may be sold, or additional securities of Avrupa may be acquired, in the future as Altius considers appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.
About Altius
Altius is a diversified mining royalty company with royalty interests in 13 producing mines located in Canada . The royalty interests include mining operations that produce thermal (electrical) and metallurgical coal, potash, nickel, copper and cobalt.
Altius holds other significant pre-development stage royalties and 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.
SOURCE Altius Minerals Corporation
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Altius Minerals Corporation
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PRODUCTEUR |
CODE : ALS.TO |
ISIN : CA0209361009 |
CUSIP : 020936 |
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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 911,9 millions CA$ (729,1 millions US$, 638,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 1,39 CA$, et son plus haut niveau récent le 17 avril 2024 à 21,04 CA$. Altius Min. possède 43 340 000 actions en circulation. |