ST. JOHN'S, May 5, 2015 /CNW/ - Altius Minerals
Corporation ("Altius") (TSX:ALS) announced today that it has
acquired control over 1,800,000 common shares of Evrim Resources
Corp. ("Evrim") (TSXV:EVM), representing 4.77% (on a non-diluted
basis) of the outstanding common shares of Evrim. These 1,800,000
common shares over which Altius acquired control 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 "Arrangement").
Prior to the Arrangement, Altius had control over 4,117,875
common shares of Evrim, representing 10.90% (on a non-diluted
basis) of the outstanding common shares of Evrim. These 4,117,875
common shares of Evrim are owned by Altius Investments Limited, a
wholly-owned subsidiary of Altius.
As a result of the acquisition of the additional 1,800,000
common shares of Evrim, Altius now exercises control over 5,917,875
common shares of Evrim, representing 15.67% of the outstanding
shares of Evrim (on a non-diluted basis).
The Evrim common shares over which Altius exercises control will
be held for investment purposes and may be sold, or additional
securities of Evrim 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