April 13, 2016 / 11:57 AM / in 2 years

BRIEF-Altius Minerals announces C$35 million bought deal financing

April 13 (Reuters) - Altius Minerals Corp

* Altius Minerals Corp says bought deal financing of 3.1 million shares of Altius at a price of C$11.25 per common share

* Plans to use net proceeds to partially fund previously copper purchase agreement with a subsidiary of Yamana Gold Inc

* Syndicate of underwriters agreed to purchase, on a bought-deal basis, 3.1 million shares of Altius at C$11.25/share

* Has paid $8 million as an initial payment for copper purchase agreement and balance of us$52 million is due on or about May 3, 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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