The General Meeting is being convened to allow shareholders to approve matters related to the proposed strategic investment by La Mancha Holding S.a r.l. ('La Mancha') in the Company and a five to one consolidation of the Company's share capital.
Highlights
Investment by La Mancha to raise
La Mancha will own approximately 36.9% of Altus on Completion
Strategic investment to accelerate exploration and growth of project and royalty portfolio
Potential for business synergies to create new project acquisition opportunities
Deal will represent La Mancha's first external investment in the listed exploration sector
Company proposes to undertake five into one share consolidation
General Meeting of shareholders to be held on
We expect the La Mancha transaction will prove transformative for Altus, providing the capital and expertise to fast track our project and royalty generation activities, as well as unlocking new external growth opportunities. The deal, which includes a two year equity lock up, also represents a strong endorsement of the Altus team, portfolio and business model. We look forward to the General Meeting on
'More broadly we look forward to an exciting year ahead for the Company. Altus has assembled and is continuing to aggressively grow a strong and diversified portfolio of high quality and strategically located gold and base metal projects and royalty interests across
Capitalized terms in this announcement are defined at the end of the announcement.
As announced by the Company on
On Completion, La Mancha will own approximately 36.92 per cent. of the Enlarged Share Capital (on the basis that no further Ordinary Shares are issued between the date of this announcement and Admission).
Since the
Since the
Share Consolidation
In addition, the Company is also proposing to undertake a share consolidation, by way of one Consolidated Ordinary Share for every five Existing Ordinary Shares, effective at the Share Consolidation Record Date.
General Meeting
In order for the
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
No Offer or Solicitation
This Announcement is for information purposes only and does not constitute an invitation to any person to purchase or subscribe for Shares or any other securities or engage in any form of investment activity. This Announcement is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in, into or within
This Announcement is directed only at persons in member states of the European Economic Area ('EEA') who are qualified investors within the meaning of Article 2(e) of Regulation (EU) 2017/1129, as amended from time to time (the 'Prospectus Regulation'), ('Qualified Investors'). In addition, in the
Contact:
Tel: +44 (0) 1235 511 767
Email: info@altus-strategies.com
About
Altus is a
Cautionary Note Regarding Forward-Looking Statements
Certain information included in this Announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute 'forward-looking statements'. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this Announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this Announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations.
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