Altius Files Management Information Circular Including Conference Call and Webcast Options for Annual & Special Meeting Participation

2020-04-09 / @businesswire

 

Altius Minerals Corporation (“Altius”) (ALS:TSX, ATUSF: OTCQX) wishes to update its shareholders with respect to accommodations for webcast and conference call participation in the upcoming May 12, 2020 Annual and Special Meeting (the “Meeting”).

The Meeting will be held at Altius’s offices in St John’s, Newfoundland at 1 pm NL time on Tuesday, May 12, 2020 but is subject to federal and provincial regulations during COVID-19. We have this year scheduled an audio conference call (with open question and answer session) and an audio webcast with an investor presentation. Shareholders are urged to vote by proxy in advance of the Meeting, with various voting methods spelled out in the material that has been mailed and filed to SEDAR.

As disclosed in the Compensation Summary section of the Management Information Circular, stock option grants are awarded to executive officers and employees annually in relation to performance against objectives set for the year. The grant of such options was made on March 27, 2020. The Corporation reports that its compensation committee and board have agreed to a request from the CEO and Executive Chairman to increase the exercise price of stock options that they received at such time to $10.79 per share from $7.39 per share. The exercise price was originally determined by the volume weighted average price over the 5 days following the end of the trading blackout period that related to the release of the Corporation’s 2019 year-end financial results. These grants were made, calculated and priced in accordance with the Corporation’s long-term incentive plan as approved by shareholders and consistently applied each year. Nevertheless, in appreciation of the share price decline that all shareholders have suffered recently, the CEO and Executive Chairman requested that the exercise price of their long-term incentive options be increased to equal that of the Corporation’s closing share price on February 20, 2020, being the date immediately before major north American equity markets began to decline rapidly on COVID-19 related economic concerns.

About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. Altius has 41,804,196 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.