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Uranium Royalty Corp. Receives $2.65 Million Cash Repayment Under Laramide Promissory Note, Invited to Close the Toronto Stock Exchange Market
Uranium Royalty Corp. Receives $2.65 Million Cash Repayment Under Laramide Promissory Note...
About this update from Uranium Royalty Corp
[{"type":"text","content":"\n\n\n\nUranium Royalty Corp. Receives $2.65 Million Cash Repayment Under Laramide Promissory Note, Invited to Close the Toronto Stock Exchange Market\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\nCanada NewsWire\nVANCOUVER, Jan. 21, 2020\n\n\n\nVANCOUVER, Jan. 21, 2020 /CNW/ - Uranium Royalty Corp. (TSX-V: URC) (\"URC\" or the \"Company\") is pleased to announce that its wholly-owned subsidiary has received C$2.65 million (US$2.03 million) from Laramide Resources Ltd. as full repayment of principal and interest under a promissory note (the \"Note\"). \nThe Note was acquired by the Company pursuant to a strategic transaction with Westwater Resources, Inc. in August 2019, whereby URC acquired the Note and a portfolio of four uranium royalties for total consideration of $3.68 million (US$2.75 million). The four royalties consisted of a 4% net smelter return royalty on the Church Rock property, a 30% net proceeds royalty on a portion of the Dewey-Burdock property, a 4% gross revenues royalty on a portion of the Lance property and a 4% gross revenues royalty on a portion of the Roca Honda property. \nThe Company currently has approximately $40 million in cash and marketable securities. \nThe Company is also pleased to announce that members of its senior management and board of directors were invited to close the Toronto Stock Exchange on Monday, January 20, 2020 to commemorate the recent successful initial public offering and listing of the Company's shares on the TSX Venture Exchange (the \"TSX-V\"). The closing ceremony was held at the Vancouver Resource Investment Conference.\n\"We are honored to celebrate our recent listing on the TSX-V. I would like to thank our shareholders and the entire team for all the hard work they have put into this achievement,\" said Scott Melbye, President and CEO of URC.\nAbout Uranium Royalty Corp.\nUranium Royalty Corp. is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium compani...