SOURCE: Anglo Pacific Group PLC

March 06, 2015 07:00 ET

Anglo Pacific Group PLC: Completion of Narrabri Royalty Acquisition

LONDON, UNITED KINDGOM--(Marketwired - Mar 6, 2015) - Anglo Pacific Group PLC (TSX: APY) (LSE: APF)


News Release

March 6, 2015

Anglo Pacific Group PLC
Completion of Narrabri Royalty Acquisition

Further to the announcement on February 4, 2015, Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF; TSX: APY) announces that it has agreed to delay completion of the purchase of the royalty interest in the Narrabri coal project, in order to allow additional time for certain conditions precedent to be satisfied. The Company anticipates completion to occur next week and has accordingly agreed to extend the long stop date for completion to March 13, 2015.

For further information:

Anglo Pacific Group PLC

Julian Treger, Chief Executive Officer
Mark Potter, Chief Investment Officer
+44 (0) 20 3435 7400
Credit Suisse Securities (Europe) Limited - Financial Adviser
on the Acquisition
Stephen Davy
 +44 (0) 20 7888 8888
Bell Pottinger
Nick Lambert / Lorna Cobbett
+44 (0) 20 3772 2500

Notes to Editors

About Anglo Pacific

Anglo Pacific is a global natural resources royalty company. The Company's strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.

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