home

Completion of Royalty Option Agreement with Horizonte Minerals plc - Anglo Pacific Group

Anglo Pacific Group plc (“Anglo Pacific”) (LSE: APF) (TSX: APY) is pleased to announce that, subsequent to the signing of an MOU on July 27, 2010, it has now completed the Royalty Option Agreement with Horizonte Minerals plc (“Horizonte”) (AIM: HZM) for Anglo Pacific to purchase a Net Smelter Royalty (“NSR”) on all revenues from the advanced exploration stage Araguaia and Lontra Nickel Projects (“Araguaia Project”) in Brazil. Anglo Pacific has paid to Horizonte the sum of US$500,000 in exchange for the six year option to acquire a 1.5% NSR from the Araguaia Project for US$12.5 million. For a full copy of this release please click here.