Altius Acquires Founding Equity Stake in Newfoundland and Labrador Refining Corporation: Feasibility Study for a New Oil Refinery Announced.ST. JOHN'S, Newfoundland And Labrador Newfoundland and Labrador, province, Canada Newfoundland and Labrador (ny  `fənlənd, ny -- Altius (TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. ) reports that Newfoundland and Labrador Refining Corporation, a newly incorporated private company it has co-founded with investors from Ireland and the United Kingdom, has announced a 3-stage feasibility study to evaluate the economic viability of an oil refinery at Placentia Bay in Newfoundland and Labrador, Canada. Altius has acquired an initial 37.5% shareholding in the new company.It will also be providing local administrative and support services during the study period. To read the full announcement, please select the following link: www.nlrefining.com Altius has a royalty interest in the Voisey's Bay nickel district in Labrador, Canada, where production has commenced and first metal concentrates have been shipped. It holds 43.2% of Aurora Energy Inc., which has announced an Initial Public Offering, plus royalty interests in its Central Mineral Belt uranium project.Altius also holds 30% of Rambler ram·bler n. 1. One that rambles: tourists and Sunday ramblers on the village streets; a conversational rambler. 2. A type of climbing rose having numerous red, pink, or white flowers. Metals and Mining plc, which owns the Rambler copper-gold project.In addition, Altius has a diverse portfolio of exploration properties that are largely financed by joint venture partners. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release Altius Minerals Corporation (TSX VENTURE:ALS) |
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