- Published: 23 June 2014
- Written by Editor
By The Boiler Knight
Altius Minerals (TSX:ALS) is a Canadian royalty company, with interests in coal, potash, iron ore, and base metals mines and projects. President and baby-faced Brian Dalton made headlines when it acquired Sherritt’s royalty portfolio, albeit the stock has fizzled out a little.
I was skimming through the company's AF and noticed Altius made a pretty sizeable investment a company run by Paul van Eeden:
The Corporation co-invested with Cranberry Capital Inc. to form 2260761 Ontario Inc. to invest primarily in early stage mineral exploration companies with a goal of long term capital appreciation. The new company is managed independently by Paul van Eeden, the principal of Cranberry Capital Inc. who has a successful mining and investment industry track record. The Corporation’s total investment in the new company consisted of $25,007,000 in cash and the financial results of the company are included in the consolidated financial statements from the date of the initial investment.
