Anglo Pacific Group plc (AGP) is pleased to announce that it has acquired for A$4,137,500 a 1% Net Smelter Royalty on all future uranium production from the Spanish and Portuguese properties owned by Berkeley Resources Limited. The NSR was acquired from the original founders and vendors of Berkeley’s Spanish subsidiary Minera de Rio Alagon SL (MRA). As part of the royalty acquisition the company also agreed to purchase from the MRA shareholders 750,000 ordinary fully paid shares for A$862,500. For Anglo Pacific, the acquisition is another positive step in the company’s strategy to broaden and diversify its portfolio of royalties.
Anglo Pacific Group plc is a global natural resources royalties company. The strategy of the group is to expand its mineral royalty interests in low-cost, long life mining assets. The Group achieves this through both direct acquisition and investment in projects at the development and production stage.
Tags: AGP, Anglo Pacific Group, mining, New acquisition
