EDITOR: | May 1st, 2014

Altius Confirms Pricing of $65 Million Offering of Common Shares at $14

| May 01, 2014 | No Comments
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May 1, 2014 (Source: Marketwired) — NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES, OR FOR DISSEMINATION IN THE UNITED STATES

Altius Minerals Corporation (“Altius” or the “Company”) (TSX:ALS) is pleased to announce that the Company has approved an offering price of $14.00 per share for the previously announced offering of common shares under its preliminary short form prospectus dated April 28, 2014 for gross proceeds of approximately $65 million with no over-allotment option (the “Offering”). An Agency Agreement with the syndicate of investment dealers co-led by Scotia Capital Inc. and Haywood Securities Inc., and including BMO Nesbitt Burns Inc., Sprott Private Wealth L.P., Raymond James Ltd. and Salman Partners Inc. (collectively, the “Agents”) will be executed on these terms.

About Altius

Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties.

Altius holds royalty interests in 12 producing assets that include 5 coal mines and 6 potash mines located in western Canada and a royalty on the producing Voisey’s Bay nickel-copper-cobalt mine in Labrador.

It has a 3% gross sales royalty on the development stage Kami iron ore project of Alderon Iron Ore Corp. (“Alderon”), a 2% gross sales royalty for the advanced exploration stage Central Mineral Belt uranium project of Paladin Energy Limited, and several other resource stage project royalties. Its project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are being advanced through various partner-funding arrangements.

Altius has also built a portfolio of directly and indirectly held junior resource investments, including an ~25% shareholding in Alderon (TSX:ADV), an ~8% shareholding in Virginia Mines Inc. (TSX:VGQ), and a ~5.9% shareholding in Callinan Royalties Corporation (TSX VENTURE:CAA).

Altius has 27,595,821 shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

Caution Regarding Forward‐Looking Statements and Information

This news release contains forward-looking information about the Offering. The forward-looking statements in this news release are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from current expectations, including those related to the business generally, which are set out in materials filed with the securities regulatory authorities in Canada from time to time, including the risk section of the Company’s annual Management’s Discussion and Analysis report, Annual Information Form and the short form preliminary prospectus. No assurance can be given that the Offering will be completed or the timing of same.

The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company other than as required by applicable securities laws.

This Offering is only made by short form prospectus. Copies of the short form prospectus may be obtained from any of the Agents. Investors should read the short form prospectus before making an investment decision. There will not be any sale of the securities being offered until a receipt for the final short form prospectus has been issued.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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