Canada NewsWire
VANCOUVER, BC, Sept. 28, 2022
VANCOUVER, BC, Sept. 28, 2022 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce the completion of its previously announced acquisition from Nevada Gold Mines LLC ("NGM"), a joint venture between Barrick Gold Corporation and Newmont Corporation, of a royalty portfolio consisting of:
Pursuant to the transaction, the Company indirectly acquired the royalty portfolio in consideration for US$27.5 million, which was satisfied through the issuance of 9,393,681 common shares to NGM at a deemed price of approximately US$2.93 per share.
Gold Royalty is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of royalties on gold properties located in the Americas.
View original content:https://www.prnewswire.com/news-releases/gold-royalty-completes-previously-announced-acquisition-of-royalty-portfolio-from-nevada-gold-mines-301634386.html
SOURCE Gold Royalty Corp.
View original content: http://www.newswire.ca/en/releases/archive/September2022/28/c6557.html