Metals & Minerals News

Altus-Elemental merger receives court sanction

Posted on Author editorial Comment(1)

Altus Strategies plc’s share-for-share merger of equals with Elemental Royalties Corp has received court sanction.

TIMETABLE

The companies first announced the agreement in June and received shareholder approval on 8 August.

Altus said that the High Court of Justice of England and Wales had today made an order sanctioning the scheme under section 899 of the Companies Act 2006.

The scheme record time for the merger will be at 10pm on 15 August 2022.

Altus anticipates that the effective date of the scheme will be 16 August 2022, when a copy of the court order is delivered to the Registrar of Companies.

Altus shares will cease trading on 17 August 2022.

Related Articles
News Oil & Gas

Corallian sells for £32m to Shell UK

Posted on Author editorial

Reabold Resources plc reported the execution of the £32 million sale of its investee company Corallian Energy Ltd, holding the Victory discovery, to Shell UK Ltd. OPPORTUNITIES The investment company added it expected completion of the deal and initial gross consideration payment of £10m, c.£3.2m net to Reabold, will be during Q4 of 2022. Reabold […]
News Oil & Gas

Neptune finds hydrocarbons in Calypso

Posted on Author editorial

Neptune Energy reported that logs had proved the presence of hydrocarbons in the Calypso exploration well within licence PL938 in the Norwegian Sea. EARLY STAGES Project partners comprise Neptune as operator (30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%). The companies will now consider gathering additional data of the reservoir. […]
Metals & Minerals News

Altus starts 11,300m drill campaign at Diba gold project, Mali

Posted on Author editorial

Altus Strategies plc has begun a 11,300m to expand the mineral resource estimate (MRE) at its 100% owned Diba gold project in western Mali. TESTS Diba hosts a shallow-dipping, near-surface gold deposit and a number of other prospective targets. The drill campaign comprises 10,000m reverse circulation (RC) and 1,300m diamond drilling (DD) and follows the […]

One Reply to “Altus-Elemental merger receives court sanction”

  1. Pingback: Altus Strategies announces resignations following merger - Extractive Industries

Comments are closed.