SOURCE: Anglo Pacific Group PLC

May 14, 2015 07:00 ET

Anglo Pacific Group PLC: Interim Management Statement

LONDON, UNITED KINGDOM--(Marketwired - May 14, 2015) - Anglo Pacific Group PLC (TSX: APY) (LSE: APF)

News Release
May 14, 2015

TSX: APY
Anglo Pacific Group PLC
Interim Management Statement

Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, issues the following interim management statement for the period January 1, 2014 to May 13, 2015. Unless otherwise stated, all unaudited financial information is for the quarter ended March 31, 2015.

Highlights

  • Anglo Pacific made significant progress in delivering on its stated strategy in the first quarter
  • Acquisition of the Narrabri royalty for US$65.0 million along with the associated, successful equity raise and obtaining a new US$30.0 million revolving credit facility
  • Maiden royalty revenue earned for Narrabri and Maracás during Q1 2015
  • Royalty income of £2.3 million in Q1 2015 (Q4 2014: £0.5 million, FY 2014: £3.5 million)
  • £1.7 million in cash generated from disposal of non-core assets
  • Appointment of Patrick Meier as independent non-executive director effective April 30, 2015

To view the full announcement, please click on the following link.

http://www.rns-pdf.londonstockexchange.com/rns/1818N_1-2015-5-14.pdf

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