Anglo Pacific Group PLC Completion of Acquisition and Refinancing (7737W)
February 13 2017 - 11:54AM
UK Regulatory
TIDMAPF
RNS Number : 7737W
Anglo Pacific Group PLC
13 February 2017
News Release
13 February, 2017
Anglo Pacific Group PLC
Completion of Acquisition and Refinancing
Further to the announcement on February 1, 2017, Anglo Pacific
Group PLC (the "Company") (LSE: APF, TSX: APY) is pleased to
announce the closing of the financing agreement relating to the
portion of the toll milling proceeds from the McClean Lake Mill
attributable to Denison Mines Inc. (a wholly owned subsidiary of
the Toronto Stock Exchange listed Denison Mines Corp) together with
an associated streaming agreement, for total cash consideration of
C$43.5 million (GBP26.4 million).
The Denison Financing has been part funded through the Placing,
as well as a drawdown on the Company's new syndicated three-year
revolving credit facility, which is shared equally between Barclays
Bank PLC and Investec Bank PLC.
Capitalised terms used, but not defined, in this announcement,
have the same meanings as set out in the announcement released by
the Company on February 1, 2017 in relation to the Proposed
Acquisition, Equity Placing and Refinancing.
For further information, please contact:
Anglo Pacific Group PLC +44 (0) 20 3435 7400
Julian Treger - Chief Executive Officer
Kevin Flynn - Chief Financial Officer and Company Secretary
Juan Alvarez - Head of Investments
Website: www.anglopacificgroup.com
BMO Capital Markets Limited +44 (0) 20 7664 8020
Jeffrey Couch / Neil Haycock / Tom Rider / Jenny Wyllie
Macquarie Capital (Europe) Limited +44 (0) 20 3037 2000
Raj Khatri / Nicholas Harland / Ariel Tepperman
Peel Hunt LLP +44 (0) 20 7418 8900
Matthew Armitt / Ross Allister / Chris Burrows
Redleaf Communications +44 (0) 20 7382 4769
Charlie Geller / David Ison
About the Company
Anglo Pacific Group PLC is a global natural resources royalty
and streaming company. The Company's strategy is to develop a
leading international diversified royalty and streaming company
with a portfolio centred on base metals and bulk materials,
focusing on accelerating income growth through acquiring royalties
on projects that are in the main currently cash flow generating or
are expected to be within the next 24 months. It is a continuing
policy of the Company to pay a substantial portion of these
royalties and streams to shareholders as dividends.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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