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LunR Royalties Signs Definitive Silver Stream Agreement for the Previously Announced Fruta Del Norte Transaction
LunR Royalties Corp. ("LunR", or the "Company") (TSXV: LUNR) is pleased to announce that, further to its press release dated February 22, 2026, it has entered into definitive agreements with Lundin Gold Inc. ("Lundin Gold") (TSX: LUG) and its subsidiary that holds the Fruta Del Norte ("FDN") mine, Aurelian Resources Inc. ("Aurelian"), in connection with the previously announced acquisition of a life-of-mine ("LOM") silver stream on FDN (the "Transaction"). Key terms of the Transaction are unchan
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All dollar figures in US$ unless otherwise noted VANCOUVER, BC, April 2, 2026 /CNW/ - LunR Royalties Corp. ("LunR", or the "Company") (TSXV: LUNR) is pleased to announce that, further to its press release dated February 22, 2026, it has entered into definitive agreements with Lundin Gold Inc. ("Lundin Gold") (TSX: LUG) and its subsidiary that holds the Fruta Del Norte ("FDN") mine, Aurelian Resources Inc. ("Aurelian"), in connection with the previously announced acquisition of a life-of-mine ("LOM") silver stream on FDN (the "Transaction"). Key terms of the Transaction are unchanged from the binding Term Sheet entered into on February 22, 2026, and announced in LunR's press release the same day. The definitive agreements include the following: The Transaction is expected to close in Q2 2026 and remains conditional upon, among other things, approval of the TSXV, approval of the Company's shareholders in accordance with MI 61-101 – Protection of Minority Security Holders in Special Transactions and the policies of the TSXV at the Annual General and Special Meeting scheduled for May 21, 2026 (the "Meeting"), the Company being issued a final receipt for a prospectus qualifying the issuance of the Consideration to Lundin Gold, and other customary conditions for a transaction of this nature. Additional details regarding the Transaction are set forth in LunR's press release dated February 22, 2026, announcing the Transaction. LunR Board of Directors and Special Committee Recommendations A special committee of independent directors of LunR (for purposes of MI 61-101) (the "Special Committee") unanimously recommended that the Board of Directors of LunR (the "LunR Board") approve the entering into of each of the definitive agreements in connection with the Transaction (the "Definitive Agreements") and the issuance of 50,505,501 common shares of the Company (the "Consideration") to Lundin Gold. The LunR Board has evaluated the Definitive Agreements with the Company's management and advisors and following the receipt and review of the unanimous recommendation from the Special Committee, the LunR Board unanimously approved the entering into of the Definitive Agreements and the issuance of the Consideration to Lundin Gold (subject to c...
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