Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) (Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF), Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF), Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF)) Steve Poulton, the chief executive officer of Altus to talks to Proactive about their raise this week of £19.8mln (US$26.1mln) through a share placing and subscription at 53.5p (C$0.90) a share.
The funds raised will be used to acquire up to 24 royalties from Newcrest Mining Limited (ASX:NCM) (Newcrest Mining Limited (ASX:NCM)).
Altus is paying US$24mln to acquire a portfolio of royalties on two producing gold mines, one near-production gold mine as well as up to 21 near-term development and exploration-stage projects.