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Interim Management Statement - Anglo Pacific Group

Anglo Pacific Group PLC (“Anglo Pacific”, the “Group” or the “Company”) (LSE: APF) (TSX: APY) today releases its interim management statement for the period July 1, 2013 to November 7, 2013.
 
Highlights
 
– Royalty income in the third quarter of £3.2m (Q3 2012: £5.0m), driven by royalty income from Kestrel
– Cash and cash equivalents of £13.0m as at September 30, 2013 (£16.4m at June 30, 2013)
– Appointment of Julian Treger and Mark Potter as Chief Executive Officer and Chief Investment Officer respectively, and election onto the Board
– Issue of 1,282,049 new ordinary shares in the Company for total proceeds of £2.5m
– Announcement of strategic co-investment agreement with FlowStream Commodities Ltd, as part of an oil and gas royalties and streaming venture
Julian Treger, Chief Executive Officer of Anglo Pacific, commented:
“The Company remained profitable in the third quarter with steady income from Kestrel. Given that 2013 to date has been a challenging period for commodities and the mining sector, we are encouraged by our performance. We are also pleased to have partnered with FlowStream, whose expertise and deal flow in the oil & gas sector will prove invaluable as we seek to further diversify into cash producing assets.”