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Sailfish Closes Transaction to Fully Monetize the NSR on the Tocantinzinho Gold Project for US$10,000,000
Sailfish Closes Transaction to Fully Monetize the NSR on the Tocantinzinho Gold Project f...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n \n \n \n Sailfish Closes Transaction to Fully Monetize the NSR on the Tocantinzinho Gold Project for US$10,000,000\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TORTOLA,\n \n British Virgin Islands\n \n ,\n \n Aug. 19, 2021\n \n /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"\n \n Company\n \n \" or \"\n \n Sailfish\n \n \") is pleased to announce that, further to its news release dated\n \n July 26, 2021\n \n , it has closed the royalty transfer transaction whereby Sailfish has transferred to Osisko Gold Royalties Ltd the remaining up to 2.75% of the Company's net smelter return royalty (\"\n \n NSR\n \n \") held on the Tocantinzinho gold project located in northern\n \n Brazil\n \n in exchange for\n \n US$10 million\n \n in cash.\n \n \n \n \n \n \n \n \n \n \n Cesar Gonzalez\n \n , Chief Executive Officer of Sailfish states that, \"following today's close, Sailfish has approximately\n \n US$13 million\n \n of cash, no debt and has been receiving an increasing amount of cash flow from the stream equivalent to a 3% NSR on the San Albino gold mine. In addition to share repurchases, which total over 6.8 million shares since\n \n June 2019\n \n , Sailfish is now ready to begin paying a dividend to shareholders and expects to announce a formal policy shortly. The Company also continues to review opportunities to deploy capital in other transactions.\"\n \n \n \n About Sailfish\n \n \n \n Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two 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 of the area (~134.5 sq. km) surrounding San Albino in northern\n \n Nicaragua\n \n ; and an up to 3% NSR on the multi-million ounce\n \n Spring Valley\n \n gold project in\n \n Pershing County, Nevada\n \n .\n \n \n Sailfish is listed on the TSX Venture Exchange under the symbol \"\n \n FISH\n \n \" and on the OTCQX under the symbol \"\n \n SROYF\n \n \". Please visit the Company's website at\n \n ww...