CAPITAL MARKETS

Altus dual TSXV listing imminent

Shares to start trading in Toronto on June 6

Staff reporter

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It had said back in March that it hoped to receive approval to list soon after a C$4.1 million (US$3.2 million) fundraising offering closed around mid-April.

The shares will trade in Toronto under the ticker ALTS, with trading continuing on the London Stock Exchange's AIM market.

Altus listed in London via an £1.11 million (US$1.5 million) IPO in August, making it the only true project generator on AIM, although by listing in Toronto, it has now joined the home of the majority of project generators.

Altus chairman David Netherway said the TSXV listing followed the company's acquisition of Legend Gold and its strategic gold assets in Mali and the offering, which received support from investors in North America.
 
"Our TSXV listing marks another significant milestone in the company's growth. We believe that Altus now creates a rare opportunity for North American based investors to participate in a well-established and purely Africa-focused project generator," he said.
 
Altus currently has 19 exploration projects across six African countries and several commodities, including gold, copper, silver, bauxite, iron ore and zinc.

It also has two active joint venture partnerships, one with Resolute Mining on the Pitangoma Est gold project in southern Mali and the other with Canyon Resources on the Birsok bauxite project in Cameroon.

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