Mr. Julian Treger reports
ANGLO PACIFIC GROUP PLC COMPLETION OF ACQUISITION AND REFINANCING
Further to the announcement on Feb. 1, 2017, Anglo Pacific Group PLC has closed the financing agreement relating to the portion of the toll milling proceeds from the McClean Lake mill attributable to Denison Mines Inc. (a wholly owned subsidiary of the Toronto Stock Exchange-listed Denison Mines Corp.), together with an associated streaming agreement, for total cash consideration of $43.5-million (26.4 million pounds sterling).
The Denison financing has been part financed through the placing as well as a drawdown on the company's new syndicated three-year revolving credit facility, which is shared equally between Barclays Bank PLC and Investec Bank PLC.
Capitalized terms used, but not defined, in this announcement, have the same meanings as set out in the announcement released by the company on Feb. 1, 2017, in relation to the proposed acquisition, equity placing and refinancing.
About Anglo Pacific Group PLC
Anglo Pacific Group is a global natural resources royalty and streaming company.
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