Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) ceased trading on AIM today following the company’s merger with Elemental Royalties Corp to create a significantly enlarged gold royalty company.
Elemental will change its name to Elemental Altus Royalties Corp and continue to trade on Toronto Stock Exchange’s Venture Exchange under the symbol ELE.
Yesterday, Altus reported that its pretax loss widened to £6.2mln in the first half from £2.3mln in the year-earlier period.
It had a cash balance of £6.9mln as of June 30.