9 Jul 2010 07:30
News Release
9th July 2010
Anglo Pacific Group plc
Completes Listing on Toronto Stock Exchange
and
Confirms Closing of Acquisition of Australian Iron Ore Royalty
Anglo Pacific Group plc ("Anglo Pacific") (LSE: APF) announces that its ordinary shares will be listed and posted for trading on the Toronto Stock Exchange ("TSX") at the open of the market in Toronto, Canada today under the symbol 'APY'.
Commenting on the listing, Peter Boycott, Chairman of Anglo Pacific said:
"Our TSX listing will provide North American investors with better access to Anglo Pacific, a diversified commodities royalty company which has generated strong asset growth and substantial dividends for shareholders. The listing will assist Anglo Pacific's future development, including its Canadian coal and other projects, whilst further raising its profile in the important Canadian mining community. Anglo Pacific will now be quoted alongside a short list of other mining royalty companies which have a strong North American following."
Anglo Pacific's strategy is to expand its mineral royalty interests in low-cost, long-life mining assets. Anglo Pacific achieves this through both direct acquisition and investment in projects at the development and production stage. Anglo Pacific's policy is to pay a substantial proportion of these royalties to shareholders as dividends.
Anglo Pacific will continue to be domiciled in the United Kingdom and to trade on the London Stock Exchange under the symbol 'APF'.
Anglo Pacific is also pleased to confirm that, on 30 June 2010, it completed its previously announced agreement to purchase the DFD Rhodes Group iron ore royalty. This royalty relates to the iron ore project recently acquired by BHP Billiton in the renowned Pilbara district of Western Australia.
Important notice
This news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's expectations, estimates and projections of future events as of the date of this release. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but not always, forward-looking statements can be identified by the use of words such as "expects", "anticipates", "plans", "believes", "estimates", "seeks", "intends", "targets", "projects", "forecasts", or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions and analyses made by Anglo Pacific in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be appropriate in the circumstances. Also, forward-looking statements involve known and unknown risks, uncertainties and other factors that are beyond the Company's control and which may cause the actual results, performance or achievement to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such material factors and assumptions and risks and uncertainties include, among others, those described in the Company's annual information form (the "AIF"), which is available at www.sedar.com, which are incorporated by reference into this release and qualify any and all forward-looking statements made in this release.
Although Anglo Pacific has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that actual results will be consistent with these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein relate only to events or information as of the date on which the statements are made and, except as specifically required by law, Anglo Pacific undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise.
For further information:
Anglo Pacific Group plc +44 (0) 20 7318 6360
Peter Boycott, Chairman
Matthew Tack, Finance Director
Liberum Capital +44 (0) 20 3100 2000
Chris Bowman
Ellen Francis
Scott Harris +44 (0) 20 7653 0030
Stephen Scott
James O'Shaughnessy
Website: www.anglopacificgroup.com