Anglo Pacific Group plc
(ASX:AGP) acquired a 1% Net Smelter Royalty for $4.13 million on all future uranium production from the Spanish and Portugese properties owned by Berkeley Resources Limited.
The Net Smelter Royalty was purchased from the original founders and vendors of Berkeley’s Spanish Subsidiary, Minera de Rio Alagon (MRA).
As part of the royalty acquisition the company also agreed to purchase 750,000 ordinary fully paid shares from MRA shareholders for $862,500.
Anglo Pacific Group is a global natural resources royalties company.
Anglo Pacific group reported a profit of $61million for calendar 2008.
