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Sailfish Signs Agreement with Osisko Gold Royalties Ltd to Fully Monetize the NSR on the Tocantinzinho Gold Project for US$10,000,000
Sailfish Signs Agreement with Osisko Gold Royalties Ltd to Fully Monetize the NSR on the ...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"\n \n \n \n Sailfish Signs Agreement with Osisko Gold Royalties Ltd 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 July 26, 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 it has entered into a royalty transfer agreement with Osisko Gold Royalties Ltd (\"\n \n Osisko\n \n \") pursuant to which Sailfish has agreed to transfer to Osisko 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 (\"\n \n Tocantinzinho\n \n \") located in northern\n \n Brazil\n \n in exchange for\n \n US$10 million\n \n in cash (the \"\n \n Transaction\n \n \").\n \n \n \n \n \n \n \n \n \n \n Cesar Gonzalez\n \n , Chief Executive Officer of Sailfish states that, \"the net proceeds from the full monetization of the NSR on Tocantinzinho are expected to continue funding the aggressive return of capital to shareholders and provide flexibility to deploy capital opportunistically in other transactions.\"\n \n \n The Transaction is expected to close on or before\n \n August 22, 2021\n \n .  The closing of the Transaction is subject to certain conditions precedent including, but not limited to, the receipt of required third-party consents.\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 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 ; an up to 2.75% NSR on the Tocantinzinho gold project in the prolific Tapajos district of northern\n \n Brazil\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...