Business
Anglo Pacific Completes Listi
Anglo Pacific Completes Listi.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n RNS Number : 0870P Anglo Pacific Group PLC 09 July 2010 \n\n \n \n \nNews Release\n9th July 2010\n \nAnglo Pacific Group plc\nCompletes Listing on Toronto Stock Exchange\nand\nConfirms Closing of Acquisition of Australian Iron Ore Royalty\n \nAnglo Pacific Group plc (\"Anglo Pacific\") (LSE: APF) announces that its ordinary shares will be listed and posted for trading on the Toronto Stock Exchange (\"TSX\") at the open of the market in Toronto, Canada today under the symbol 'APY'.\n \nCommenting on the listing, Peter Boycott, Chairman of Anglo Pacific said:\n \n\"Our TSX listing will provide North American investors with better access to Anglo Pacific, a diversified commodities royalty company which has generated strong asset growth and substantial dividends for shareholders. The listing will assist Anglo Pacific's future development, including its Canadian coal and other projects, whilst further raising its profile in the important Canadian mining community. Anglo Pacific will now be quoted alongside a short list of other mining royalty companies which have a strong North American following.\"\n \nAnglo Pacific's strategy is to expand its mineral royalty interests in low-cost, long-life mining assets. Anglo Pacific achieves this through both direct acquisition and investment in projects at the development and production stage. Anglo Pacific's policy is to pay a substantial proportion of these royalties to shareholders as dividends.\n \nAnglo Pacific will continue to be domiciled in the United Kingdom and to trade on the London Stock Exchange under the symbol 'APF'.\n \nAnglo Pacific is also pleased to confirm that, on 30 June 2010, it completed its previously announced agreement to purchase the DFD Rhodes Group iron ore royalty. This royalty relates to the iron ore project recently acquired by BHP Billiton in the renowned Pilbara district of Western Australia.\n \n \n \nImportant notice\n \nThis news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's expectations, estimates and projections of future events as of the date of this release. Forward-looking statements include, without limitation, statements regarding the performance, prospects, opportunities, priorities, targets, goals, objectives, s...