Altus Strategies

An all-Sawiris mining merger

Sawiris-backed Altus Strategies is merging with Toronto-listed gold royalty company Elemental Royalties in an all-stock transaction, the companies said in an LSE disclosure(pdf) yesterday. In what they’re dubbing a “merger of equals,” the transaction will see Elemental give Altus shareholders 0.594 shares in the new company for every Altus share they hold. This will give…