Adventus Zinc IPO Completed; Altius Provides Project Generation Business Update
Date:
News Release:
Ticker Symbol:
9-Feb-2017
17-02
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
ADVENTUS ZINC IPO COMPLETED; ALTIUS PROVIDES PROJECT GENERATION BUSINESS UPDATE
St. John’s ‐ Altius Minerals Corporation (“Altius”) (TSX:ALS) is pleased to announce that Adventus Zinc
Corporation (“Adventus”) has successfully closed its Initial Public Offering (“IPO”) and commenced trading
today on the TSX Venture Exchange ("TSXV") under the symbol "ADZN”. Altius holds approximately 27% of the
issued shares of Adventus following project based vend‐ins and a previously completed private placement. The
IPO was led by Haywood Securities Inc.
Adventus Zinc Corporation has approximately C$9.8 million in starting working capital and is focused on
pursuing the acquisition of one or more advanced‐stage zinc projects while advancing its strategically
accumulated portfolio of exploration projects located in both Ireland and Eastern Canada. Adventus is being
led by CEO Christian Kargl‐Simard and is supported by a strong strategic investor base.
Project Generation Business Update
The combined market value of Altius’s portfolio of public junior mining company equities has grown to $59.9
million during the first 9 months of its fiscal year (May 1, 2016 to January 31, 2017) from a period opening base
of $20.2 million. This portfolio market value is inclusive of cash generated from equity sales, less cash re‐
investments, of approximately $9.5 million.
Altius’s project generation business involves the origination and acquisition of global mineral exploration
projects. It then seeks to match these projects with various public junior exploration companies in exchange
for direct project royalties and equity shareholdings. Highlight transactions completed as part of this business
strategy over the first 9 months of its fiscal year include:
‐ Option based 100% sale of the Wilding Lake gold project to Antler Gold (www.antlergold.com) for 4.5
million shares and a retained 2% NSR project royalty;
‐ Option based 100% sale of the Vidalita gold project in Chile to Emu NL (www.emunl.com.au) for up to
15 million Emu shares (with 2.5 million issued on signing and shareholder approval) and a retained 1%
NSR royalty;
‐ Option based 100% sale of the Telkwa metallurgical coal project in BC to Allegiance Coal
(www.allegiancecoal.com.au) for 10,956,982 shares (~6%) and a retained 3‐4.5% GSR royalty; and
‐ 100% vend in of an extensive portfolio of zinc exploration projects in Ireland and Eastern Canada to
Adventus (www.adventuszinc.com) for 7.6m shares (~17%) and retained 2% NSR royalties.
Altius holds and continues to build upon an extensive exploration portfolio that totals approximately 1.7 million
hectares of mineral rights in Canada, the Republic of Ireland, Chile, Finland, the USA, and Australia.
For more information on additional available project vend‐out opportunities, please visit our corporate
website at http://altiusminerals.com/.
Date:
News Release:
Ticker Symbol:
9-Feb-2017
17-02
ALS.TSX
Civic Address:
Altius Minerals Corporation
Suite 202, 66 Kenmount Road
St. John’s, NL, A1B 3V7, CANADA
Website: www.altiusminerals.com
Toll Free: 1.877.576.2209
Fax: 709.576.3441
e-mail: [email protected]
Mailing Address:
Altius Minerals Corporation
P.O. Box 8263 Stn “A”
St. John’s, NL, A1B 3N4, CANADA
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 43,335,654 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 at 1.877.576.2209.