VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Gold Royalty Corp.
("Gold Royalty" or the "Company") (NYSE American: GROY) is
pleased to announce that, further to its news release dated
July 23, 2021, it has completed the
acquisition of five gold royalty interests on properties managed by
Monarch Mining Corporation ("Monarch") (TSX: GBAR) (OTCQX:
GBARF).
The royalty interests acquired consist of:
- a C$2.50 per tonne royalty on
material processed through Monarch's Beacon mill originating from
the Beaufor mine operations;
- a 2.5% net smelter return ("NSR") royalty on each of Monarch's
Croinor Gold, McKenzie Break and Swanson properties, each located in
Quebec, Canada; and
- a 1% NSR on Monarch's Beaufor property, located in Quebec Canada (the "Beaufor NSR") held by
Caisse de dépôt et placement du Québec,
Pursuant to the transaction, Gold Royalty paid total
consideration of C$11.25 million at
closing and will pay an additional C$3.75
million upon the six month anniversary of closing.
About Gold Royalty Corp.
Gold Royalty Corp. 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
of net smelter return royalties on gold properties located in the
Americas.
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SOURCE Gold Royalty Corp.