25th Oct 2013 15:01
LONDON (Alliance News) - Anglo Pacific Group PLC, which invests in mining and explorations interests, Friday said that it has entered a strategic co-investment agreement with FlowStream Commodities Ltd.
Under the agreement, Anglo Pacific said that it is being offered up to a 10% co-investment interest in a defined number of streaming and royalty projects in the oil and gas sector that FlowStream Commodities invests in, with an option to increase above 10% should both parties agree on it.
"The Agreement with FlowStream will provide Anglo Pacific with an excellent opportunity to leverage their depth of knowledge and expertise in oil & gas, and gain further exposure to the energy sector," said Chief Executive Officer Julian Treger in a statement.
Shares in Anglo Pacific were trading 2.4% lower Friday afternoon, at 227.50 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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