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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altus Strategies Plc | LSE:ALS | London | Ordinary Share | GB00BJ9TYB96 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 46.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMALS
RNS Number : 9911Y
Altus Strategies PLC
11 December 2017
Altus Strategies Plc / Index: AIM / EPIC: ALS / Sector: Mining
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
11 December 2017
Altus Strategies Plc
("Altus" or the "Company")
Results of General Meeting
Altus Strategies Plc ('Altus' or the 'Company') the Africa focused exploration project generator, announces that all resolutions were duly passed at the Company's General Meeting held today, giving the Directors authority to disapply statutory pre-emption rights, allot Ordinary Shares and disapply pre-emption rights in respect of the issue of such Ordinary Shares.
The proxy voting figures are shown below:
Resolution Votes % Votes % Total Votes For Against Cast Withheld Special resolution 1: Disapplication of statutory pre-emption rights 75,450,558 100% 0 0% 75,450,558 0 Ordinary resolution 2: Grant of authority to the Directors to allot Ordinary Shares 75,450,558 100% 0 0% 75,450,558 0 Special resolution 3: Disapplication of statutory pre-emption rights on allotment of shares 75,450,558 100% 0 0% 75,450,558 0
Notes:
Any proxy votes which are at the discretion of the Chairman have been included in the "for" total. A vote withheld is not a vote in law and is not counted in the votes for or against a resolution. At the date and time of the General Meeting the total number of Ordinary shares of 1p each in issue and the total number of voting rights was 107,680,814.
The full text of the resolutions can be found in the Notice of General Meeting contained in the Circular dated 22 November 2017, which is available for viewing on the Company's website, www.altus-strategies.com.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information you are invited to visit the Company's website www.altus-strategies.com or contact:
Altus Strategies Plc Tel: +44 (0) Steven Poulton, Chief 1235 511 767 Executive E: info@altus-strategies.com Matthew Grainger, Executive Director Greg Owen, VP Corporate Development SP Angel (Nominated Adviser) Tel: +44 (0) Ewan Leggat / Richard 20 3470 0470 Morrison / Soltan Tagiev SP Angel (Joint Broker) Tel: +44 (0) Elizabeth Johnson / Richard 20 3470 0471 Parlons Beaufort Securities (Joint Tel: +44 (0) Broker) 20 7382 8300 Jon Bellis Blytheweigh (Financial Tel: +44 (0) PR) 20 7138 3204 Tim Blythe / Camilla Horsfall / Nick Elwes
Notes to editors:
About Altus Strategies Plc
Altus is a diversified and Africa focused project generator in the natural resource sector. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects which is diversified by commodity and by country. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.
The following is a summary of the Company's key projects:
Morocco - Copper
The Company holds the 60km(2) Agdz copper-silver exploration licence in central Morocco through its 100% owned subsidiary Aterian Resources Ltd. Five prospects have been defined to date, the best of which retuned grades up to 8% Cu, 448 g/t Ag and 3.74 g/t Au. The project is located close to a number of operating mines, notably the recently commissioned Bouskour Cu-Ag mine located 14km NE of Agdz.
Cameroon - Gold
The Company holds the 189km(2) Laboum gold exploration licence in northern Cameroon through its 99% owned subsidiary Auramin Ltd. At Laboum an approximately 18km and 5km wide long gold-bearing shear zone has been discovered. In addition close to 1km of quartz veins have been discovered. High resolution ground geophysics and a concurrent gold in soil survey are defining priority targets for a systematic trenching programme. The Laboum licence hosts a number of artisanal gold mining sites and grab samples have returned grades up to 24.50 g/t Au from quartz veins and 6.86 g/t Au from the sheared metasedimentary rocks respectively.
Ethiopia - Copper
The Company holds the 322km(2) Tigray-Afar and Negash copper-silver-gold exploration in northern Ethiopia through its 100% owned subsidiary Altau Resources Ltd and 97.3% owned subsidiary Aluvance Ltd respectively. Four distinct prospects have been identified to date, returning grades of up to 22 % Cu and 102 g/t Ag from surface sampling. Channel results have include 28m at 0.75% Cu, 31m at 0.50% Cu, 4m at 3.22% Cu & 6m at 1.46% Cu and drilling has returned grades of up to 1.14% Cu and 10.2 g/t Ag over widths up to 15.5m. The Company also holds the 412km(2) Daro exploration licence, also located in northern Ethiopia, which targets VMS style deposits.
Cameroon - Bauxite
The Company holds the 601km(2) Birsok & Mandoum bauxite exploration licences in central Cameroon through its 97.3% owned subsidiary Aluvance Ltd. The Birsok & Mandoum licences are subject to a joint venture agreement with ASX-listed Canyon Resources Ltd. The project is within 10km of an operating rail line to the port of Douala on the Atlantic Ocean.
Liberia - Gold
The Company holds the 639.6km(2) Bella Yella and 466km(2) Zolowo gold exploration licences in north western Liberia through its 99% owned subsidiary Auramin Ltd. Both licences target targeting Archaean greenstone-hosted gold deposits. At Bella Yella a 7.5km NE-SW striking gold in soil anomaly has been defined. A number of artisanal gold workings have been discovered, from which rock chip assay results have returned grades up to 233 g/t Au. Zolowo hosts a 33km long greenstone belt, a number of drainages from which host significant artisanal alluvial workings.
Cameroon - Iron Ore
The Company holds the 400km(2) Bikoula & Ndjele iron ore exploration licences in southern Cameroon through its 97.3% owned subsidiary Aluvance Ltd. The project hosts an independent (JORC 2012 compliant), inferred mineral resource estimate comprising 46Mt @ 44% Fe completed by Coffey Mining South Africa (Pty) Ltd in a report entitled "Mineral Resource Estimation and Classification of the Bikoula Iron Ore Project in Cameroon". The resource estimate is from less than 25% of the 17km long target as identified from airborne geophysics.
Morocco - Other
The Company holds 226km(2) across five exploration licence throughout Morocco through its 100% owned subsidiary Aterian Resources Ltd. The licences areas are prospective for zinc, lead, copper, tin, tungsten and gold. Grades from these licences include 8.15% Pb, 4.48% Zn, 9.18% Cu and 9.61 g/t Au.
Glossary of Terms
The following is a glossary of technical terms:
"Archaean" means an early part of geological time dating from <4,000 to 2,500 million years ago
"Artisanal" means local people conducting mining, often with rudimentary equipment
"Au" means gold
"Assay" or "Assay results" means the analysis of minerals, rocks and mine products to determine and quantify their constituent parts
"Ag" means silver
"Cu" means copper
"Fe" means iron
"Pb" mean lead
"g/t" means grams per tonne
"Grade(s)" means the quantity of ore or metal in a specified quantity of rock
"m" means metres
"Ma" means million years ago
"Moz" means millions of ounces
"Outcrop" means a visible exposure of rock that is in-situ and has no covering of soil or vegetation
"Shear zone" means a zone in which rocks have been deformed by lateral movement along parallel planes
"Quartz Vein" means a fracture which has been filled by quartz and other minerals which have crystallised from mineralised fluids
"Zn" means zinc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 11, 2017 09:12 ET (14:12 GMT)
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