Altius to Receive Proceeds Worth $61.8 Million(approx)
Altius Minerals Corporation (TSX:ALS) reported that as part of the recently completed Plan of Arrangement between International Royalty Corporation and Royal Gold Inc.,Altius will receive CAD $37.5 million in cash and 529,251 Royal Gold exchangeable shares for its 8,924,972 shares of IRC.
The press release is quoted as saying:
The expected gross proceeds to Altius are approximately CAD $61.8 million based on yesterday’s closing Royal Gold share price of CAD $45.92. Upon receipt of the cash and share consideration as outlined above, Altius will recognize a gain of approximately CAD $27 million, which is a 78% return on its original investment.
Click here to access the entire press release
Click here to access Altius Minerals Corporate Site
Comment |
|
Tweet |
|
All content Copright 2011 Dig Media Inc. Disclaimer
Email
Print
Reproduction Request
Wed, Feb 24, 2010
Post by Melissa Pistilli, Nickel Senior Reporter