Reuters logo
BRIEF-Fairfax Financial to make strategic investment in Altius Minerals
February 24, 2017 / 2:00 PM / 7 months ago

BRIEF-Fairfax Financial to make strategic investment in Altius Minerals

Feb 24 (Reuters) - Altius Minerals Corp

* Fairfax to make strategic investment in Altius

* Altius Minerals Corp - Fairfax Financial Holdings Limited, through certain of its subsidiaries will make an up to $100 million investment in Altius

* Says Altius has also agreed to issue 6.7 million common share purchase warrants, exercisable at $15 per share

* Altius Minerals Corp - Fairfax will have right to nominate one director to board of directors of Altius

* Altius Minerals Corp - proceeds raised from Fairfax financing to be used by Altius for investing in opportunities within mining, minerals sector

* Altius Minerals Corp - closing of transaction is subject to settlement of mutually agreeable definitive documentation Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below