8th 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; [email protected]
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