ST. JOHN'S, May 5, 2015 /CNW/ - Altius Minerals
Corporation ("Altius") (TSX:ALS) announced today that it has
acquired control over 3,500,000 common shares of Avrupa Minerals
Ltd. ("Avrupa") (TSXV:AVU), representing 7.86% (on a
non-diluted basis) of the outstanding common shares of Avrupa, and
3,500,000 common share purchase warrants of Avrupa, each entitling
the holder to acquire one common share of Avrupa, upon due exercise
thereof at any time prior to October 15,
2016 (the "Avrupa Warrants" and, together with the
acquired common shares of Avrupa, the "Avrupa Securities").
If all of the Avrupa Warrants are exercised, Alitus will exercise
control over 7,000,000 common shares of Avrupa, representing 15.71%
of the outstanding common shares of Avrupa (on a non- diluted
basis).
The Avrupa Securities are owned by Callinan Resources
Corporation, a wholly-owned subsidiary of Altius which was acquired
by Altius on May 5, 2015, pursuant to
a court-approved plan of arrangement under the Canada Business
Corporations Act. The Avrupa Securities over which Altius
exercises control will be held for investment purposes and may be
sold, or additional securities of Avrupa may be acquired, in the
future as Altius considers appropriate in light of investment
criteria, market conditions and other factors and in accordance
with the provisions of applicable securities legislation.
About Altius
Altius is a diversified mining royalty company with
royalty interests in 13 producing mines located in Canada. The royalty interests include
mining operations that produce thermal (electrical) and
metallurgical coal, potash, nickel, copper and cobalt.
Altius holds other significant pre-development stage
royalties and its project generation pipeline contains a
diversified portfolio of exploration stage projects and royalties,
many of which are being advanced through various partner-funding
arrangements.
SOURCE Altius Minerals Corporation