Business
WEXFORD UPDATES EARLY WARNING DISCLOSURE FOR SAILFISH ROYALTY CORP.
Wexford Capital LP ("Wexford") announced today that it will file an updated early warning report under applicable Canadian securities laws on behalf of Wexford Spectrum Trading Limited ("WST"), Wexford Catalyst Trading Limited ("WCT"), Wexford Focused Trading Limited ("WFT") and Debello Trading Limited ("DT" and, together with WST, WCT and WFT, the "Wexford Funds"), private investment funds managed by Wexford, in respect of the common shares ("Shares") of Sailfish Royalty Corp. ("Sailfish").
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"TORONTO, Feb. 24, 2026 /CNW/ - Wexford Capital LP ("Wexford") announced today that it will file an updated early warning report under applicable Canadian securities laws on behalf of Wexford Spectrum Trading Limited ("WST"), Wexford Catalyst Trading Limited ("WCT"), Wexford Focused Trading Limited ("WFT") and Debello Trading Limited ("DT" and, together with WST, WCT and WFT, the "Wexford Funds"), private investment funds managed by Wexford, in respect of the common shares ("Shares") of Sailfish Royalty Corp. ("Sailfish").","length":607,"tagName":"p"},{"type":"text","content":"On February 23, 2026, Sailfish entered into a share purchase agreement (the "Purchase Agreement") with OR Royalties Inc. ("OR Royalties") pursuant to which Sailfish has agreed to sell to OR Royalties (the "Transaction") all of the issued and outstanding shares of Terraco Gold Corp. ("Terraco Gold"), a wholly owned subsidiary of Sailfish.","length":379,"tagName":"p"},{"type":"text","content":"Terraco Gold, through its subsidiaries, holds:","length":46,"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 (the "Spring Valley Royalty"); and","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"a 2% net smelter return royalty on Solidus Resources' Moonlight property in Nevada, USA (the "Moonlight Royalty" and, together with the Spring Valley Royalty, the "Royalties").","length":200,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":373,"olType":false},{"type":"text","content":"As the Transaction will be a disposition of more than 50% of the Sailfish's assets, it constitutes a "reviewable transaction" pursuant to Policy 5.3 of the TSX Venture Exchange (the "TSXV") and is subject to customary closing conditions, including acceptance by the TSXV and approval by Sailfish's shareholders.","length":339,"tagName":"p"},{"type":"text","content":"In connection with such shareholder approval, the Wexford Funds delivered written consents in respect of the Transaction to Sailfish, OR Royalties and the TSXV (the "Shareholder...