Transactions

Transactions

Overview

Elemental Royalties Corp. and Altus Strategies Complete Merger of Equals

August 16, 2022

Elemental Royalties Corp. (TSXV:ELE) today announced that it has completed a share-for-share merger of equals with Altus Strategies plc (AIM:ALS; TSXV:ALTS).  The merger was completed by way of a court-sanctioned scheme of arrangement under the laws of the United Kingdom. On August 12, 2022, the United Kingdom High Court of Justice approved the scheme under section 899 of the Companies Act 2006 pursuant to which the merger is being implemented.

The merger has created a diversified and scalable royalty company positioned to acquire further high-quality, producing royalty and streaming assets and to serve as a platform for further consolidation in the royalty sector.

Canaccord Genuity Corp. acted as financial advisor and provided a fairness opinion to the board of directors of Elemental in connection with the transaction. Wildeboer Dellelce LLP acted as legal counsel to Canaccord Genuity with a team comprised of Michael Rennie and Natalie Tershakowec (corporate/securities).