Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Altus Strategies sells Cameroon bauxite prospects to Canyon Resources

Monday, 11th February 2019
Altus Strategies said it had terminated a joint venture agreement with Sydney-listed Canyon Resources and had instead signed a new sales and purchase agreement with the company.

The new agreement transferred Altus's subsidiary Aucam Resources to Canyon.

Aucam owns the Birsok and Mandoum licences in Cameroon, which were part of a bauxite project contiguous with exploration licences owned by Canyon.

In exchange for transferring the asset, Altus would receive up to 30m Canyon shares with a current value of C$5.8m (£3.4m).

It would also receive a $1.50 per tonne royalty on bauxite ore mined and sold from the project.


At 3:04pm: (LON:ALS) Altus Strategies Plc share price was +0.4p at 3.35p



Story provided by StockMarketWire.com

Related Shares: Altus Strategi.

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.