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Altius Resources Inc., a subsidiary of Altius Minerals , acquired 7,115,546 common shares of Orogen Royalties Inc. through an exercise of warrants, increasing its holdings to 18.15% of the issued and outstanding Common Shares. Altius acquired the shares for investment purposes and may adjust its holdings based on market conditions.
Altius Resources Inc., una sussidiaria di Altius Minerals, ha acquisito 7.115.546 azioni ordinarie di Orogen Royalties Inc. attraverso l'esercizio di warrant, aumentando la sua partecipazione al 18,15% delle azioni ordinarie emesse e in circolazione. Altius ha acquistato le azioni a scopo d'investimento e potrebbe adeguare la sua partecipazione in base alle condizioni di mercato.
Altius Resources Inc., una subsidiaria de Altius Minerals, adquirió 7,115,546 acciones comunes de Orogen Royalties Inc. mediante la ejecución de opciones, incrementando su participación al 18.15% de las Acciones Comunes emitidas y en circulación. Altius adquirió las acciones con fines de inversión y podría ajustar su tenencia dependiendo de las condiciones del mercado.
Altius Minerals의 자회사인 Altius Resources Inc.는 워런트 행사를 통해 Orogen Royalties Inc.의 보통 주식 7,115,546주를 취득하여 발행 주식 중 18.15%를 보유하게 되었습니다. Altius는 투자 목적으로 주식을 취득하였으며, 시장 상황에 따라 보유량을 조정할 수 있습니다.
Altius Resources Inc., une filiale d’Altius Minerals, a acquis 7 115 546 actions ordinaires d'Orogen Royalties Inc. par l’exercice de bons de souscription, augmentant ainsi sa participation à 18,15 % des actions ordinaires émises et en circulation. Altius a acheté ces actions à des fins d'investissement et peut ajuster sa participation en fonction des conditions du marché.
Altius Resources Inc., eine Tochtergesellschaft von Altius Minerals, hat durch die Ausübung von Optionsscheinen 7.115.546 Stammaktien von Orogen Royalties Inc. erworben und seinen Anteil auf 18,15% der ausgegebenen und ausstehenden Stammaktien erhöht. Altius hat die Aktien zu Investitionszwecken erworben und kann seine Beteiligung je nach Marktlage anpassen.
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--
Altius Resources Inc. (“Altius”), a subsidiary of Altius Minerals Corporation (TSX:ALS) (ATUSF:OTCQX), announces that on April 25, 2024 it acquired ownership of an aggregate of 7,115,546 common shares (“Common Shares”) of Orogen Royalties Inc. (TSXV: OGN) (“Orogen”), with its head office at 1015-789 West Pender Street, Vancouver, BC, V6C 1H2. The Common Shares were acquired by Altius pursuant to an exercise of common share purchase warrants of Orogen (“Warrants”) held by Altius at an exercise price of $0.4016 per share, for an aggregate purchase price of $2,857,603.27 (the “Acquisition”).
The Common Shares acquired by Altius pursuant to the Acquisition represent an increase in Altius’s holdings of Common Shares of approximately 3.01%. Immediately prior to the Acquisition, Altius held 29,315,015 Common Shares representing approximately 15.14% of the then issued and outstanding Common Shares on a non-diluted basis and the 7,115,546 Warrants. Upon completion of the Acquisition, Altius owns 36,430,561 Common Shares representing approximately 18.15% of the issued and outstanding Common Shares and 17.18% on a fully diluted basis.
Altius acquired the Common Shares in the ordinary course of business and for investment purposes only, and depending on market and other conditions Altius may from time to time increase or decrease its holdings of Common Shares.
An early warning report respecting the acquisition of the Common Shares by Altius has been filed under Orogen’s SEDAR+ profile at www.sedarplus.ca. The head office of Altius is located at 38 Duffy Place, 2nd Floor, St John's, NL A1B 4M5. For further information regarding the Acquisition by Altius or to obtain a copy of the early warning report, please contact Chad Wells, Altius Minerals Corporation, Tel. 1-877-576-2209.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 46,571,552 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices.
