Sept 21 (Reuters) - Altius Minerals Corp ALS.TO
* Altius announces Allegiance Coal to acquire Telkwa Coal
* TCL has right to earn up to a 90 percent interest in Telkwa project in exchange for staged milestone payments
* Upon regulatory and shareholder approvals of proposed transaction, co expects to retain a project level royalty over Telkwa project
* Co will retain both a sliding scale gross sales royalty between 3% and 4.5% depending upon benchmark coal prices at time of any coal sale
* Elected to receive pending milestone option payments in form of shares that will result in co receiving shares in Allegiance
* Upon successful regulatory and shareholder approvals of proposed transaction Altius expects to be a significant shareholder of Allegiance Source text for Eikon: ID:nCCN11rzSJ Further company coverage: [ ]