Altus Strategies signs gold royalty & equity deal in Cote d’Ivoire
Gold Royalty & Equity Deal in Ivory Coast
Altus Strategies Plc, the AIM-listed mining royalties business, focussed mainly on precious metals projects in Africa, has entered into a Purchase & Sales agreement & Net Smelter Return royalty agreements with TSX-V listed Stellar Africa Gold Inc. with regards to Altus’ Prikro and Zenoula gold projects in the Republic of Côte d’Ivoire. Under the terms of the deal Altus will sell a 100% interest in two Ivory Coast gold projects, in turn it will receive an initial payment of:
- A 2.5% NSR royalty on the Projects
- 2,500,000 Stellar shares with a current market value of C$125,000
- 2,500,000 share purchase warrants, each exercisable to purchase a Stellar share for 24 months at C$0.07
Furthermore and subject to the progress of the projecys Altus will receive further equity based payments.
We recently interview Altus CEO Steve Poulton about the company’s recent progress and forward looking strategy.