P.O. Box 8263 Stn “A”
Date: 07-Sept 2016 News Release: 16-10 Ticker Symbol: ALS.TSX
ALTIUS TO RELEASE Q1 RESULTS SEPTEMBER 12, 2016 NET DEBT REDUCED to $44.4 MILLION
St. John’s ‐ Altius Minerals Corporation (“Altius” or the “Corporation”) will release its first quarter financial results on Monday, September 12, 2016 after market close, ahead of its Annual and Special Meeting at 11 am on September 13th at the Johnson Geocentre in St. John’s, NL. It will also hold a conference call to discuss the Q1F2017 financial results as detailed below.
Also, the Corporation is pleased to report that it has recently made scheduled and non‐scheduled repayments of $16.3 million under its term and revolving debt facilities. The repayments were funded from the receipt of proceeds of $9.5 million from the sale of certain holdings within its portfolio of public junior exploration equities and from excess operating cash flow.
Following the repayments, the Corporation’s current net debt position has been reduced to $44.4 million. This consists of total remaining debt of $87.5 million less cash on hand of $13.3 million and remaining public equity holdings of $29.8 million. The company has $60.5 million in additional liquidity available under its revolving facility.
Fiscal 2017 First Quarter Financials Call Information:
Time: 11:00 a.m. Eastern Daylight Time on September 14, 2016 Dial‐In Numbers: +1 (844) 473‐0974 (Canada)
+1 (480) 696‐7316 (International)
Pass code: 77947086 Conference Title: Altius Q1‐ F2017 Webcast URL: http://edge.media‐server.com/m/p/imcs4ho8
The call will be webcast and archived on the Company’s website for a limited time.
About Altius
Altius’ diversified royalties and streams generate revenue from 14 operating mines located in Canada and Brazil that produce copper, zinc, nickel, cobalt, precious metals, potash and thermal (electrical) and metallurgical coal. The portfolio also includes numerous pre‐development stage royalties covering a wide spectrum of mineral commodities and jurisdictions. It also holds a large portfolio of exploration stage projects which it has generated for deal making with industry partners and which will result in third party funding, equity and minority interests and newly created royalty interests.
Altius has 43,425,624 shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
For further information, please contact Chad Wells or Ben Lewis at 1.877.576.2209.
Civic Address: Website: www.altiusminerals.com Mailing Address:
Altius Minerals Corporation Toll Free: 1.877.576.2209 Altius Minerals Corporation Suite 202, 66 Kenmount Road Fax: 709.576.3441 P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3V7, CANADA e-mail: [email protected] St. John’s, NL, A1B 3N4, CANADA