Last checked at 15 Jan 2010 07:00
News Release
15th January 2010
Anglo Pacific Group plc
Acquisition of net smelter royalty on future uranium production of Berkeley Resources Limited
Anglo Pacific Group plc ("the Company") is pleased to announce that on 29th December 2009 it acquired for A$4,137,500 a 1% Net Smelter Royalty ("NSR") on all future uranium production from the Spanish and Portuguese properties owned by Berkeley Resources Limited ("Berkeley").
The NSR was acquired from the original founders and vendors of Berkeley's Spanish subsidiary, Minera de Rio Alagon SL ("MRA shareholders"). As part of the royalty acquisition the Company also agreed to purchase from the MRA shareholders 750,000 ordinary fully paid shares for A$862,500, subject to completion.
For Anglo Pacific Group plc the acquisition of this NSR is another positive step in the Company's strategy to broaden and diversify its portfolio of royalties.
Anglo Pacific Group plc is a global natural resources royalties company. The strategy of the Group is to expand its mineral royalty interests in low-cost, long-life mining assets. The Group achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Group to pay a substantial proportion of these royalties to shareholders as dividends.
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