Business
Completion of Marac?s Vanadium Royalty Acquisition
Completion of Marac?s Vanadium Royalty Acquisition.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n \nRNS Number : 2957J Anglo Pacific Group PLC 10 June 2014 \n \n\n \nNews Release\nJune 10, 2014\n \n \nAnglo Pacific Group PLC\nCompletion of Maracás Vanadium Royalty Acquisition\n \nAnglo Pacific Group PLC (the \"Company\") (LSE: APF, TSX: APY) is pleased to announce, further to the announcement on June 2, 2014, that it has completed the purchase of Cancap Investments Limited's (\"Cancap\") royalty interest in the Maracás Vanadium Project (\"Maracás Project\"). \n \nThe Company has paid to Cancap total upfront consideration of US$22 million in cash and has today issued 500,000 warrants to Cancap. Each warrant will entitle the holder to acquire one ordinary share of 2 pence in the Company at a strike price of £2.50 and will be exercisable for five years from the date of issue. The warrants will not be admitted to trading on any exchange. \n \nFor further information:\n \n\n\n\n\nAnglo Pacific Group PLC\nJulian Treger - Chief Executive Officer \nMark Potter - Chief Investment Officer\nPeter Mason - Company Secretary\n \n\n\n+44 (0) 20 3435 7400\n\n\n\n\nWebsite \n \n\n\nwww.anglopacificgroup.com\n\n\n\n\nBarclays Bank PLC\nMatthew Bungey/Christopher Kololian\n \n\n\n+44 (0)20 7623 2323\n\n\n\n\nBMO Capital Markets Limited\nJeffrey Couch/ Neil Haycock / Tom Rider\n \n\n\n+44 (0) 20 7664 8020\n\n\n\n\nBell Pottinger \nNick Lambert / Lorna Cobbett\n\n\n+44 (0) 20 7861 3232\n\n\n\n\n \nNotes to Editors\n \nAbout Anglo Pacific\nAnglo Pacific is a global mining royalty company. The Company's strategy is to create the premier base metals and bulk materials listed royalty company, focusing on accelerating income growth through acquiring royalties on projects that are 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 to shareholders as dividends.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEALKEFSPLEFF\n ","length":4636,"tagName":"div"}]