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BRIEF-Altius Minerals announces write-down of Genesee Royalty on Alberta electrical policy change
February 3, 2017 / 1:30 AM / in 10 months

BRIEF-Altius Minerals announces write-down of Genesee Royalty on Alberta electrical policy change

Feb 2 (Reuters) - Altius Minerals Corp

* Altius write-down of Genesee Royalty on Alberta electrical policy change

* Says reports that it intends to record a $70-$75 million impairment charge on carrying value of its 53% interest in Genesee Royalty

* Impairment charge is non-cash in nature, will not affect near to medium term cash flows of corporation

* Says has reassessed value of future GRLP payments and intends to decrease its share of carrying value of royalty Source text for Eikon: Further company coverage:

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