Altus Strategies Plc, the Africa focused project and royalty generator, announces that further to the Company’s announcement of 5 November 2019, it has entered into a Strategic Investment Agreement (“Agreement”) with La Mancha Holdings S.à.r.l, a Luxembourg-incorporated private gold investment company (“La Mancha”). Under the Agreement and subject to regulatory and Altus shareholder approval, La Mancha will subscribe for 124,229,389 new ordinary shares (“Ordinary Shares”) in the Company (the “La Mancha Shares”) at a price of C$0.09 (approximately £0.052) per La Mancha Share, for aggregate gross proceeds of C$11,180,645 (approximately £6.5M / US$8.4M) (the “La Mancha Investment”).
