La Mancha Announces Strategic Investment of C$11.2 Million in Altus Strategies Plc
February 21 2020 - 6:45AM
La Mancha Holding S.à.r.l. (“
La Mancha”), a
Luxembourg‐incorporated private gold investment company, is pleased
to announce that it has completed the acquisition of 124,229,389
ordinary shares at a price of C$0.09 per share of Altus Strategies
Plc (AIM: ALS & TSX-V: ALTS) (“
Altus”)
pursuant to a strategic investment agreement with Altus (the
“
Strategic Investment Agreement”).
As a result of the transaction, La Mancha became
an insider of Altus, holding an aggregate of 124,229,389 ordinary
shares representing approximately 35.4% of the issued and
outstanding Shares. The Strategic Investment Agreement provides for
La Mancha’s right to nominate two non-executive directors to the
Altus Board of Directors, as well as certain anti-dilution and
pre-emptive rights and governance matters.
La Mancha acquired the ordinary shares of Altus
for business and investment purposes. In the future La Mancha may,
from time to time, increase or decrease its investment in Altus
through market transactions, private agreements, treasury issuances
or otherwise at any time subject to the terms of the Strategic
Investment Agreement and other applicable restrictions.
La Mancha’s head office is located at 31‐33
avenue Pasteur L‐2311 Luxembourg.
Altus’ head office is located at The Orchard
Centre, 14 Station Road, Didcot, Oxfordshire, NA, OX11 7LL.
La Mancha will file an early warning report in
accordance with applicable securities laws, which will be available
under Altus’s profile on the SEDAR website at www.sedar.com, and
may also be obtained by contacting:
Karim NasrChief
Executive Officer of the La Mancha Group T: +44 (0) 20 3960
2020Email: contact@lamancha.com
ABOUT
LA MANCHA
GROUP
La Mancha is a privately held international gold
company with investments in Endeavour Mining, Evolution Mining and
Golden Star Resources, having operations in West Africa (Mali,
Burkina Faso, Côte d’Ivoire and Ghana) and Australia, respectively.
La Mancha was taken private in 2012 by the Sawiris family. Under
the Sawiris family ownership, since 2012, La Mancha has expanded
its exposure to mining operations in Africa and Australia and is
invested in three mining companies with total production exceeding
1.8 million gold equivalent ounces per annum. Mrs. Yousriya Nassif
Loza owns all of the issued and outstanding shares of Marchmont
Limited, the holding company of La Mancha Holding S.à r.l. For more
information, please visit www.lamancha.com.
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