Business
Gold Royalty Announces Expiry of Elemental Royalties Offer
VANCOUVER, BC, May 12, 2022 /CNW/ - Gold Royalty Corp. ("GRC") (NYSE American: GROY) today announced the expiry of its previously announced offer (the "Offer")
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, May 12, 2022 /CNW/ - Gold Royalty Corp. (\"GRC\") (NYSE American: GROY) today announced the expiry of its previously announced offer (the \"Offer\") to acquire all of the outstanding common shares of Elemental Royalties Corp. (\"Elemental\") (TSXV: ELE). The Offer is now terminated and no longer open for acceptance by any Elemental shareholders. As the conditions of the Offer were not satisfied, GRC will not take up any shares deposited under the Offer and will return such securities to the holders thereof. David Garofalo, Chairman and CEO, commented: \"While we strongly believe in the merits of a combination with Elemental, we were ultimately unable to obtain the engagement and accord required to reach a board-supported, mutually-beneficial transaction. Gold Royalty will not waiver from its disciplined pursuit of value-enhancing acquisitions, and we remain focused on our existing high-quality portfolio, which is poised to deliver sector-leading cash flow growth over the coming years.\" 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. Cautionary Statement on Forward-Looking Information: Certain of the information contained in this news release constitutes 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and U.S. securities laws (\"forward-looking statements\") and involve known and unknown risks, uncertainties and other factors that may cause Gold Royalty's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. The words \"believe\", \"expect\", \"will\", \"propose\" and derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. Such forward-looking ...