Exercise of Warrants and Issue of Equity
Altus Strategies Plc (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) has announced the issuance of 20,000 ordinary shares following warrant exercises at C$1.125 each. This results in gross proceeds of C$22,500 (approximately £13,000), intended for working capital. The shares will be admitted to trading on the AIM market, expected on or around March 19, 2021. After this issuance, Altus will have 70,117,601 ordinary shares in circulation, which also represents the total voting rights in the company.
- Issuance of 20,000 shares raises gross proceeds of C$22,500 for working capital.
- Expected admission of new shares increases visibility and potential market liquidity.
- None.
DIDCOT, UK / ACCESSWIRE / March 16, 2021 / Altus Strategies Plc (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) announces that it has issued 20,000 ordinary shares of 5 pence par value each ("Ordinary Shares") following the exercise of warrants at an exercise price of C
The Company has made an application for the 20,000 Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). Admission is expected to occur at 08:00 a.m. on or around 19 March 2021 and the Ordinary Shares will rank pari passu with the Ordinary Shares already in issue. The gross proceeds from the exercise of the warrant of C
Total Voting Rights
Following the issue of the Ordinary Shares, Altus will have 70,117,601 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The Company does not hold any shares in treasury. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the UK Financial Conduct Authority's Disclosure and Transparency Rules.
For further information you are invited to visit the Company's website www.altus-strategies.com or contact:
Altus Strategies Plc Steven Poulton, Chief Executive | Tel:+44 (0) 1235 511 767 |
SP Angel (Nominated Adviser) Richard Morrison / Adam Cowl | Tel: +44 (0) 20 3470 0470 |
SP Angel (Broker) Grant Barker / Richard Parlons | Tel: +44 (0) 20 3470 0471 |
Yellow Jersey PR (Financial PR & IR) Charles Goodwin / Henry Wilkinson | Tel: +44 (0) 20 3004 9512 |
About Altus Strategies Plc
Altus Strategies (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company's focus on Africa and differentiated approach, of generating royalties on its own discoveries as well as through financings and acquisitions with third parties, has attracted key institutional investor backing. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates. For further information, please visit www.altus-strategies.com.
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.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organisation of Canada accepts responsibility for the adequacy or accuracy of this release.
Market Abuse Regulation 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 ("MAR") until the release of this announcement.
SOURCE: Altus Strategies Plc
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https://www.accesswire.com/635628/Exercise-of-Warrants-and-Issue-of-Equity
FAQ
What was the purpose of the share issuance by Altus Strategies?
How many total voting rights does Altus Strategies have after the issuance?
When is the expected admission date for the new shares of Altus Strategies?
What was the exercise price for the warrants exercised by Altus Strategies?
How much gross proceeds did Altus Strategies raise from the exercise of warrants?
