Gold Royalties Corp. Closes Royalty Sale, Reports Resulting Proceeds of C$8,349,617.89
14.01.2015 | Marketwire
CALGARY, Jan 14, 2015 - Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "the Corporation") is pleased to announce that it has closed its previously announced US$7M sale of the Eagle and Lynx royalty assets to Franco-Nevada Corp. (the "Disposition Transaction"). The Disposition Transaction was originally announced by press release on December 23, 2014 (the "Disposition Transaction News Release"). Further to the Disposition Transaction, Gold Royalties advises that the gross proceeds of US$7M were converted into Canadian dollars, the Corporation's reporting currency, with the post-exchange amount equating to C$8,349,617.89.
"We are pleased to close this royalty disposition with Franco-Nevada Corp.. This particular asset monetization permits us to significantly enhance our corporate treasury. I also believe the transaction serves to empirically demonstrate the sustainable underlying market value of our Corporation's gold royalty assets," commented Ryan Kalt, President and Chief Executive Officer of Gold Royalties.
Proceeds of the Disposition Transaction will be deployed as originally reported in the Disposition Transaction News Release.
About Gold Royalties Corporation
Gold Royalties Corp. is a publicly traded, growth-orientated gold royalty business that acquires and holds gold royalty assets for investment purposes. For more information, please visit www.GoldRoyalties.ca.
Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Gold Royalties Corp.
Ryan Kalt, M.B.A., LL.M., President and Chief Executive Officer
1-403-410-3815
info@goldroyalties.ca
www.GoldRoyalties.ca