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Anglo Pacific Group: Sale of interest in First ...
Anglo Pacific Group: Sale of interest in First ....
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \n\nFOR: ANGLO PACIFIC GROUP PLC\n\nLSE SYMBOL: APF\nTSX SYMBOL: APY\n\nAugust 10, 2011\n\nAnglo Pacific Group: Sale of Interest in First Coal Corporation\n\nLONDON, UNITED KINGDOM--(Marketwire - Aug. 10, 2011) - Anglo Pacific Group PLC (\"Anglo Pacific\", the \"Group\")\n(LSE:APF)(TSX:APY) is pleased to report that, following the announcement on August 8, 2011 by Xstrata of the\ncompletion of its takeover of First Coal Corporation (the Company) for a consideration of CAD$147 million, the\nGroup will receive the sum of CAD$20.2 million in respect of the 11,542,857 shares that it held in the Company.\n\nCommenting on the disposal, Peter Boycott, Chairman of Anglo Pacific, said:\n\n\"Anglo Pacific is pleased to increase its cash resources after disposing of this interest. With its strong\nroyalty flows and increased liquidity Anglo Pacific is well positioned to continue its strong growth strategy\nfor the benefit of shareholders.\"\n\nNotes to editors:\n\nAnglo Pacific Group PLC is a global natural resources royalties company. The strategy of the Group is to expand\nits mineral royalty interests in low-cost, long-life mining assets. The Group achieves this through both direct\nacquisition and investment in projects at the development and production stage. It is a continuing policy of\nthe Group to pay a substantial proportion of these royalties to shareholders as dividends.\n\nImportant notice\n\nThis news release contains forward-looking statements based on assumptions and reflects Anglo Pacific's\nexpectations, estimates and projections of future events as of the date of this release. Forward-looking\nstatements include, without limitation, statements regarding the performance, prospects, opportunities,\npriorities, targets, goals, objectives, strategies, growth and outlook of Anglo Pacific. Often, but not always,\nforward-looking statements can be identified by the use of words such as \"expects\", \"anticipates\", \"plans\",\n\"believes\", \"estimates\", \"seeks\", \"intends\", \"targets\", \"projects\", \"forecasts\", or variations (including\nnegative variations) of such words and phrases, or state that certain actions, events or results \"may\",\n\"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved.\n\nForward-looking statements are based upon certain material factors and assumptions that were appli...