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Sailfish Receives Remaining US$3 Million from the Monetization of a Portion of the NSR on the Tocantinzinho Gold Project and Receives First Delivery from the San Albino Gold Stream
Sailfish Receives Remaining US$3 Million from the Monetization of a Portion of the NSR on...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n \n \n \n Sailfish Receives Remaining US$3 Million from the Monetization of a Portion of the NSR on the Tocantinzinho Gold Project and Receives First Delivery from the San Albino Gold Stream\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 May 12, 2021\n \n /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce that, further to its news release dated\n \n March 17, 2021\n \n , it has received the remaining\n \n US$3 million\n \n in connection with the royalty transfer agreement (the \"Transaction\") whereby a post-buy-down interest of 0.75% of the Company's up to 3.5% NSR held on the Tocantinzinho gold project located in northern\n \n Brazil\n \n has been transferred to Metalla Royalty & Streaming Ltd.  The Company has now received full payment of the\n \n US$9 million\n \n in purchase consideration in connection with the Transaction.\n \n \n \n \n \n \n \n \n \n Additionally, Sailfish is pleased to announce that it has received the first delivery from its gold stream equivalent to a 3% NSR on the San Albino gold project located in northern Nicaragua.\n \n \n \n Cesar Gonzalez\n \n , Chief Executive Officer of Sailfish states that, \"the receipt of the final cash payment from the Transaction and the first delivery from the San Albino gold stream will further bolster the Company's balance sheet and provide the means to continue repurchasing shares, facilitate the planned spinout of the Gavilanes silver property and explore paying a dividend.\"\n \n \n \n About Sailfish\n \n \n \n Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets on advanced stage projects in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold project (~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 ; an up to 2.75% NSR on the Tocantinzinho gold project in the prolific Tapajos district of north...