Business
Gold Royalty Completes Acquisition of Québec Royalty Portfolio
VANCOUVER, BC, Dec. 21, 2023 /CNW/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that, further to its news
About this update from Gold Royalty Corp.
[{"type":"text","content":" VANCOUVER, BC, Dec. 21, 2023 /CNW/ - Gold Royalty Corp. (\"Gold Royalty\" or the \"Company\") (NYSE American: GROY) is pleased to announce that, further to its news release dated November 2, 2023, it has completed the acquisition of a portfolio of 21 royalties located in Québec from SOQUEM (Société Québécoise d'exploration minière), a subsidiary of Investissement Québec. Pursuant to the transaction, the Company acquired the royalty portfolio for consideration C$1.0 million, which was satisfied through the issuance of 496,785 common shares to SOQUEM at a deemed price of approximately US$1.50 per share. Table 1. SOQUEM Royalty Portfolio Property Royalty Commodities Operator Aquilon 1.0% NSR Au Sirios Resources Casault 1.0% NSR Au Midland Exploration Chute-des-Passes 0.5% NSR Ni Canada Silver Cobalt Works Des Meloizes 3.0% NSR Zn, Ag Generic Gold Corp Detour Milestone Payment Au Probe Gold Dileo Nord 1.0% NSR Cu, Mo, Au, Ag Troilus Gold Corp Duquet 0.75 NSR Zn, Cu, Pb, Au Azimut Exploration Inc. Eastmain Ouest 0.7% NSR Au Azimut Exploration Inc. Fancamp 1.5% NSR Au IAMGOLD Generation Selbaie Bloc 5-6 1.0% NSR Au, Ag Midland Exploration Generation Selbaie Bloc 7 0.5% NSR Zn Maple Gold Mines / Agnico Eagle Gîte Fenton 1.0% NSR Au, Mo Cartier Resources Inc Hazeur 1.0% NSR Au BTM Corporation Jouvex 1.0% NSR Au Midland Exploration La Roncière 1.25% NSR Au Imperial Mining Group Lingwick 1.5% NSR Cu, Zn, Au, Ag Midland Exploration Monique 0.38% NSR Au Probe Gold Noyard 1.0% NSR Au Vior Noyell 1.0% NSR Au, Zn Magna Terra Minerals Pitt Gold 1.0% NSR Au Duquesne Gold Mines (First Mining) Quévillon Nord 1.0-2.0% NSR Ag Osisko Mining Verneuil 0.5% NSR Au Vior 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 primarily of net smelter return royalties on gold properties located in the Americas. ","length":13956,"tagName":"div"}]