https://www.engineeringnews.co.za

Altus raises C$4.11m in private placement

18th April 2018

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each.

Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five years from the closing date of the offer.

The funds will be used for exploration and generative activities at the company’s licences in Africa, as well as for general corporate purposes.

"We are delighted by the exceptionally positive response from institutional and private investors to our capital raise. While there was a very strong take-up in North America, we were delighted to welcome a new UK institutional investor to our register as well.

“We thank all of the investors in this placement for their support and welcome them to the company. This capital raise will allow us to accelerate the growth in our project generation activities across Africa.

“Separately, we are working towards the proposed dual listing of the company's shares on the TSX Venture Exchange and look forward to updating shareholders on this subject in due course,” CEO Steve Poulton said on Wednesday.

Altus has a portfolio of gold, bauxite, copper, iron-ore, zinc and silver projects in Cameroon, Ethiopia, Liberia, Morocco, Mali and Côte d’Ivoire.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.051 1.075s - 140pq - 2rq
Subscribe Now