Business
Termination of royalty financ
Termination of royalty financ.
About this update from Ecora Royalties Plc
[{"type":"text","content":"\n RNS Number : 0515A Anglo Pacific Group PLC 25 January 2011 \n\n \n \n \nNews Release\n \n \nJanuary 25, 2011\n \n \nAnglo Pacific Group PLC terminates royalty financing agreement with Shanta Gold Ltd\n \nAnglo Pacific Group PLC (\"Anglo Pacific\") (LSE: APF) (TSX: APY) announces that it has not been able to complete the purchase for US$5million of two gold royalties on the Chunya and Singida projects being developed by Shanta Gold Ltd (''Shanta'') in Tanzania. The original MOU with Shanta was signed on 27th April 2010 and was subject to contract and due diligence.\n \nAnglo Pacific Group PLC is a global natural resources royalties company. The strategy of the Group is to expand its mineral royalty interests in low-cost, long-life mining assets. The Group achieves this through both direct acquisition and investment in projects at the development and production stage. It is a continuing policy of the Group to pay a substantial proportion of these royalties to shareholders as dividends.\n \nFor further information:\n \nAnglo Pacific Group PLC +44 (0) 20 7318 6360\n \nPeter Boycott, Chairman\nJohn Theobald, Chief Executive Officer\n \nLiberum Capital +44 (0) 20 3100 2000\n \nChris Bowman\nChristopher Kololian\n \nScott Harris ...