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LunR Royalties Signs Definitive Silver Stream Agreement for the Previously Announced Fruta Del Norte Transaction
LunR Royalties Signs Definitive Silver Stream Agreement for the Previously Announced Fruta Del No...
About this update from Lunr Royalties Corp
[{"type":"text","content":"\n\n\nLunR Royalties Signs Definitive Silver Stream Agreement for the Previously Announced Fruta Del Norte Transaction\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nAll dollar figures in US$ unless otherwise notedVANCOUVER, BC, April 2, 2026 /CNW/ - LunR Royalties Corp. (\"LunR\", or the \"Company\") (TSXV: LUNR) is pleased to announce that, further to its press release dated February 22, 2026, it has entered into definitive agreements with Lundin Gold Inc. (\"Lundin Gold\") (TSX: LUG) and its subsidiary that holds the Fruta Del Norte (\"FDN\") mine, Aurelian Resources Inc. (\"Aurelian\"), in connection with the previously announced acquisition of a life-of-mine (\"LOM\") silver stream on FDN (the \"Transaction\").  Key terms of the Transaction are unchanged from the binding Term Sheet entered into on February 22, 2026, and announced in LunR's press release the same day.\n\n\n\n\n\n\n\nThe definitive agreements include the following:The Silver Purchase and Sale Agreement between LunR and Aurelian;The Parent Guarantee between LunR and Lundin Gold pursuant to which Lundin Gold has agreed to guarantee certain obligations of Aurelian pursuant to the Silver Purchase and Sale Agreement; andThe Distribution Agreement between LunR and Lundin Gold, which governs matters related to the issuance of the Consideration (as defined below) by LunR to Lundin Gold and the distribution by Lundin Gold of the Consideration to its shareholders as a dividend-in-kind upon closing of the Transaction (the \"Distribution\"). Lundin Gold will not hold any common shares of the Company following completion of the Distribution.The Transaction is expected to close in Q2 2026 and remains conditional upon, among other things, approval of the TSXV, approval of the Company's shareholders in accordance with MI 61-101 – Protection of Minority Security Holders in Special Transactions and the policies of the TSXV at the Annual General and Special Meeting scheduled for May 21, 2026 (the \"Meeting\"), the Company being issued a final receip...