SOURCE: Anglo Pacific Group PLC
LONDON--(Marketwired - Oct 25, 2013) -
Anglo Pacific and FlowStream Announce Strategic Co-Investment Agreement
LONDON, UK and ST. HELIER, JERSEY, 25th OCTOBER 2013
Anglo Pacific Group PLC ("Anglo Pacific") (LSE: APF) (TSX: APY) and
FlowStream Commodities Ltd ("FlowStream") announce that they have
entered into a Strategic Co-Investment Agreement (the "Agreement").
The Agreement provides for Anglo Pacific being offered up to a 10%
co-investment interest in a defined number of streaming and royalty
projects in the oil and gas sector that FlowStream invests in from 25th
October 2013, with an option to increase above 10% on both parties'
agreement. Anglo Pacific will benefit from FlowStream's oil & gas
opportunity sourcing and technical due diligence capabilities.
FlowStream will benefit from Anglo Pacific's proven expertise and
experience in the royalties market garnered from years of being
successfully active in mining royalties. In addition FlowStream has
secured Anglo Pacific as one of its founding shareholders, alongside
KKR and Global Gate Capital SA.
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:"The
Agreement with FlowStream will provide Anglo Pacific with an
excellent opportunity to leverage their depth of knowledge and
expertise in oil & gas, and gain further exposure to the energy
Brian Wides, Chairman of Anglo Pacific, commented: "We are delighted to
be partnering with FlowStream and look forward to working together on
their business development pipeline. We feel that the combination of
our co-investment rights and our investment into FlowStream's equity
will create an invaluable opportunity for Anglo Pacific."
Jan Laubjerg, Chief Executive Officer of FlowStream, commented: "We are
delighted to be partnering with Europe's most experienced royalties
company as we launch our oil & gas focused streaming efforts. Having
Anglo Pacific alongside us accelerates our ability to execute on our
own vision of being a premier, global oil & gas streaming and royalties
Ben Iversen, Chief Financial Officer of FlowStream, commented: "Anglo
Pacific's support of FlowStream as both an investor in our company as
well as a potential co-investor in our projects represents an important
mark of validation of our young company. We are delighted that they
will bring their expertise and experience in the natural resources
royalties sector to bear to support FlowStream's growth going forward."
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