Altius Minerals Corporation Closes Transaction Increasing Ownership Interest in Great Bay Renewables and Announces Increased Credit Facility
Altius Minerals (TSX: ALS, OTCQX: ATUSF) said it closed a deal to raise its effective ownership in Great Bay Renewable Holdings (GBR) to 50% from 29%. Apollo-affiliated funds sold their GBR interests for about US$390m to Northampton, which then sold its Altius Renewable Royalties Corp. stake to Altius for about US$168m. Altius also amended its credit facility to C$350m from C$225m and drew C$100m.




