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ECOR Ecora Resources Plc

84.40
2.40 (2.93%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ecora Resources Plc LSE:ECOR London Ordinary Share GB0006449366 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 2.93% 84.40 84.30 84.70 85.20 80.60 80.60 420,116 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal,oth Minerals,ores-whsl 141.87M 94.64M 0.3670 2.30 217.37M

Anglo Pacific Group PLC Completion of Acquisition and Refinancing (7737W)

13/02/2017 5:54pm

UK Regulatory


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TIDMAPF

RNS Number : 7737W

Anglo Pacific Group PLC

13 February 2017

News Release

13 February, 2017

Anglo Pacific Group PLC

Completion of Acquisition and Refinancing

Further to the announcement on February 1, 2017, Anglo Pacific Group PLC (the "Company") (LSE: APF, TSX: APY) is pleased to announce the closing of the financing agreement relating to the portion of the toll milling proceeds from the McClean Lake Mill attributable to Denison Mines Inc. (a wholly owned subsidiary of the Toronto Stock Exchange listed Denison Mines Corp) together with an associated streaming agreement, for total cash consideration of C$43.5 million (GBP26.4 million).

The Denison Financing has been part funded through the Placing, as well as a drawdown on the Company's new syndicated three-year revolving credit facility, which is shared equally between Barclays Bank PLC and Investec Bank PLC.

Capitalised terms used, but not defined, in this announcement, have the same meanings as set out in the announcement released by the Company on February 1, 2017 in relation to the Proposed Acquisition, Equity Placing and Refinancing.

For further information, please contact:

Anglo Pacific Group PLC +44 (0) 20 3435 7400

Julian Treger - Chief Executive Officer

Kevin Flynn - Chief Financial Officer and Company Secretary

Juan Alvarez - Head of Investments

Website: www.anglopacificgroup.com

BMO Capital Markets Limited +44 (0) 20 7664 8020

Jeffrey Couch / Neil Haycock / Tom Rider / Jenny Wyllie

Macquarie Capital (Europe) Limited +44 (0) 20 3037 2000

Raj Khatri / Nicholas Harland / Ariel Tepperman

Peel Hunt LLP +44 (0) 20 7418 8900

Matthew Armitt / Ross Allister / Chris Burrows

Redleaf Communications +44 (0) 20 7382 4769

Charlie Geller / David Ison

 
 
 

About the Company

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company's strategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are in the main currently cash flow generating or are expected to be within the next 24 months. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQTJMRTMBABBJR

(END) Dow Jones Newswires

February 13, 2017 12:54 ET (17:54 GMT)

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