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Altus Strategies Plc

09:47 AM EST - Altus Strategies Plc : Signed a non-binding Term Sheet for a Joint Venture with Indiana Resources Ltd, which is listed on the Australian Securities Exchange. Subject to entering a definitive agreement with Altus, Indiana will have the option to earn up to an 85% interest in Legend Mali (BVI) II Inc., a wholly owned subsidiary of the Company. Legend holds a 100% interest in the Lakanfla and Tabakorole gold projects located in western and southern Mali respectively. Indiana may earn its interest by funding the exploration and development of the Projects. The Term Sheet is subject to exclusivity provisions for 60 days following signing. Altus Strategies Plc shares T.ALS are trading up $0.08 at $11.92.