LONDON (Alliance News) - Altus Strategies PLC on Friday said it will advance discussions with other parties interested in acquiring a Moroccan unit after the termination of an agreement with Raptor Resources Ltd.
The Africa-focused exploration project generator said it terminated, by mutual consent with Raptor, a letter of intent between the companies which granted Raptor the option to purchase Atlantic Resources Ltd.
Atlantic Resources is a wholly-owned subsidiary of Aterian Resources Ltd, Altus' Moroccan-focused exploration unit.
"The company will now advance discussions with other third parties who have expressed interest in Aterian. In the meantime the company's exploration programmes in Morocco are unaffected," Altus said.
Altus shares were untraded on Friday, last quoted at a price of 2.85 pence each.