Sandstorm Gold Ltd. to Acquire Gold Royalties Corporation
CALGARY, ALBERTA--(Marketwired - Feb. 18, 2015) - Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "Company") is pleased to announce that it has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND)(TSX:SSL) will acquire 100% of the outstanding common shares in the capital of Gold Royalties (the "Gold Royalties Shares") by way of a statutory plan of arrangement (the "Arrangement").
"Despite a challenged equity market for junior mining, Gold Royalties has successfully built a substantial portfolio of valuable gold royalty assets in Canada. Not only does the agreement with Sandstorm provide a tremendous premium for our shareholders, but equally important, it is structured such that our shareholders continue to have exposure to not only our existing gold royalty assets but also to the diversified and growing royalty portfolio held by Sandstorm," stated Ryan Kalt, Founder & Chief Executive Officer of Gold Royalties Corporation.
Substantial Benefits to Gold Royalties Shareholders
The benefits of the Arrangement Agreement for Gold Royalties shareholders include:
- A significant premium to the Gold Royalties current and recent share price on the TSXV; and,
- Increased trading liquidity and enhanced capital markets profile through holdings in Sandstorm shares which averaged approximately C$1.95 million in daily trading on the TSX and US$5.02 million in daily trading on the NYSE MKT Exchange during 2014; and,
- Exposure to a growing portfolio of cash generating royalty and streaming assets with continued participation in the development of Gold Royalties' royalty interests; and,
- Diversified asset portfolio which reduces financing and market risk..
Quelle: bigcharts.com
Quelle: bigcharts.com
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