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IN BRIEF: Altus Strategies shareholders back merger with Elemental

Mon, 08th Aug 2022 19:09

Altus Strategies PLC - Oxfordshire, England-based mining royalty company - Says shareholders vote in favour of "merger of equals" with Elemental Royalties Corp, under which Elemental will acquire Altus. Back in June, the two agreed an all-share merger. Vancouver, Canada-headquartered Elemental Royalties will issue Altus shareholders 0.5940 new shares in the enlarged group. As a result, Elemental shareholders will own about 52.9% of the new firm, with Altus shareholders holding 47.1%.

Current stock price: 45.50 pence

12-month change: down 20%

By Lucy Heming; lucyheming@alliancenews.com

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IN BRIEF: Altus Strategies shareholders back merger with Elemental

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