Business
Sailfish Announces Closing of Sale of Spring Valley and Moonlight Royalties to OR Royalties Inc. for US$168 Million in Cash
Tortola, British Virgin Islands--(Newsfile Corp. - April 10, 2026) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the "Company" or "Sailfish") is pleased to announce that, further to its news release dated February 24, 2026, it has completed the previously announced sale of all of the issued and outstanding shares of Terraco Gold Corp. ("Terraco Gold"), a wholly owned subsidiary of Sailfish, to OR Royalties Inc. (the "Transaction") for after-tax cash consideration of US$168 million (the..
About this update from Or Royalties Inc.
[{"type":"text","content":"Tortola, British Virgin Islands--(Newsfile Corp. - April 10, 2026) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the "Company" or "Sailfish") is pleased to announce that, further to its news release dated February 24, 2026, it has completed the previously announced sale of all of the issued and outstanding shares of Terraco Gold Corp. ("Terraco Gold"), a wholly owned subsidiary of Sailfish, to OR Royalties Inc. (the "Transaction") for after-tax cash consideration of US$168 million (the "Purchase Price").","length":567,"tagName":"p"},{"type":"text","content":"Terraco Gold, through its subsidiaries TGC Holdings Ltd. and Terraco Royalties USA, Inc., holds:","length":96,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"an up to 3% net smelter return royalty on Solidus Resources' Spring Valley gold project in Pershing County, Nevada, USA; and","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"a 2% net smelter return royalty on Solidus Resources' Moonlight property in Nevada, USA.","length":92,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":220,"olType":false},{"type":"text","content":"In connection with the Transaction, National Bank Financial Inc. acted as a financial advisor and INFOR Financial Group acted as a strategic advisor to the Company. DuMoulin Black LLP acted as legal counsel to the Company.","length":222,"tagName":"p"},{"type":"text","content":"Paolo Lostritto, CEO of Sailfish Royalty states: "The sale of the Spring Valley and Moonlight royalties meaningfully reduces portfolio concentration risk while strengthening our cash position at a time of significant opportunity in the current market. Sailfish intends to redeploy this capital within the mining sector, with a strong focus on precious metals streams and royalties, to support our robust dividend policy."","length":431,"tagName":"p"},{"type":"text","content":"About Sailfish","length":14,"tagName":"p"},{"type":"text","content":"Sailfish is a precious metals royalty and streaming company focused on returning capital to shareholders with an industry leading dividend yield. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest o...