- Elemental Royalties Corp. (ELE) has announced a name change to Elemental Altus Royalties Corp.
- The name change was necessitated by the completion of the company’s share-for-share merger of equals with Altus Strategies plc
- The name change is expected to take effect on or about September 26, 2022, subject to final approval from the TSX Venture Exchange
- The company will continue trading on the TSXV under the ticker symbol, ELE
- Elemental Altus Royalties Corp. is a precious metals royalty company with 11 producing royalties and a diversified portfolio of pre-production and discovery stage assets
- Elemental Royalties Corp. was down 0.855 per cent, trading at $1.16 at 10:37 AM ET
Elemental Royalties Corp. (ELE) has announced a name change to Elemental Altus Royalties Corp.
The name change was necessitated by the completion of the company’s share-for-share merger of equals with Altus Strategies plc, which was announced on August 16, 2022.
The merger was overwhelmingly approved by the company’s shareholders at the company’s Annual General and Special Meeting held on August 8, 2022.
The name change is expected to take effect on or about September 26, 2022, subject to final approval from the TSX Venture Exchange.
The company will continue trading on the TSXV under the ticker symbol ELE and the OTCQX under the symbol ELEMF.
Following the name change, the new CUSIP number assigned to the company’s common shares will be 28619K109, while the new ISIN number will be CA28619K1093.
The name change does not affect the rights of the company’s shareholders. There is no consolidation of capital associated with the name change.
“Our new name symbolizes the successful merger with Altus Strategies,” said Frederick Bell, CEO of Elemental Altus.
“Together, our diverse and resilient asset base will deliver a materially increased revenue profile with a lower cost of capital as we focus on building a global gold royalty company,” he added.
Elemental Altus Royalties Corp. is a precious metals royalty company with 11 producing royalties and a diversified portfolio of pre-production and discovery stage assets.
Elemental Royalties Corp. was down 0.855 per cent, trading at $1.16 at 10:37 AM ET.