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Altus Strategies signs gold royalty agreements

Altus Strategies has announced that it has signed a definitive Purchase & Sales agreement and Net Smelter Return royalty agreements with Stellar Africa Gold in respect of Altus’ Prikro and Zenoula gold projects in Côte d’Ivoire.

Steven Poulton, CE of Altus, comments:

“We are pleased to conclude this royalty and equity transaction with Stellar on our two prospective gold projects in Ivory Coast.

“Altus is focused on realising value from a high quality, diversified and precious metal focused portfolio of royalty assets.

“This transaction further underscores our royalty generation strategy and we look forward to Stellar’s exploration progress on the Projects”.


  • Altus selling a 100% interest in two Ivory Coast gold projects
  • Altus to receive an initial payment of:
  • o  A 2.5% NSR royalty on the Projects
  • o  2,500,000 Stellar shares with a current market value of C$125,000
  • o  2,500,000 share purchase warrants, each exercisable to purchase a Stellar share for 24 months at C$0.07
  • Subject to the progress of the Projects, Altus will receive further equity based payments
  • The Transaction remains subject to TSX-V approval