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Having recently beaten-off a hostile takeover bid, Elemental Royalties has agreed a merger of equals with Altus Strategies valued at C$196 million based on yesterday’s closing prices. The new entity will be renamed Elemental Altus Royalties and be listed on the TSX Venture exchange.
Elemental Royalties to merge with Altus Strategies
Under the terms of the merger, each Altus shareholder will receive 0.5940 new Elemental shares for each share held. Upon completion, Elemental shareholders will own about 52.
Additional royalties, JV or sale for assets will deliver shareholder value
Junior royals to tie the knot in North America
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