Eric Sprott announces that he has agreed, pursuant to certain conditions, to sell to
Ely Gold Royalties Inc. and one of its wholly owned subsidiaries a 0.50% net smelter return royalty on the gold producing Jerritt Canyon Mine facility, operated by a private Nevada limited liability company of which Mr. Sprott is the beneficial owner. In consideration for the Target Royalty, the Company has agreed to pay $8,000,000
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