Altus Strategies agrees merger with Canadian rival

AIM and TSX-V quoted Altus Strategies (LON: ALS) is recommending an all-share merger with fellow TSX-V company Elemental Royalties Corp and it will be renamed Elemental Altus Royalties Corp. The group will not be quoted on AIM.

Elemental Royalties Corp is offering 0.594 of one share for each Altus Strategies share. Altus shareholders will end up with 47.1% of the enlarged group, which could be valued at around $148m.

La Mancha and Condire own nearly 45% of Altus Strategies between them and they are in favour of the deal, which could be completed in the third quarter of 2022. La Manch wi...

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