Business
Royalties Inc. Acquires an Additional $500,000 in Shares of Music Royalties Inc.
Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Royalties Inc. (CSE: RI) (OTCID: ROYIF) ("the Company") is pleased to announce that it has entered into an acquisition agreement for the purchase of an additional 1 million common shares of Music Royalties Inc. ("MRI") at a price of $0.50 per share with a value of $500,000 from a private investor in exchange for the issuance of 8,333,333 shares in Royalties Inc. MRI is a Toronto-based private ...
About this update from Royalties, Inc.
Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Royalties Inc. (CSE: RI) (OTCID: ROYIF) ("the Company") is pleased to announce that it has entered into an acquisition agreement for the purchase of an additional 1 million common shares of Music Royalties Inc. ("MRI") at a price of $0.50 per share with a value of $500,000 from a private investor in exchange for the issuance of 8,333,333 shares in Royalties Inc. MRI is a Toronto-based private company that acquires passive music royalties on iconic songs from rightsholders (artists, producers and songwriters) which holds a portfolio of 31 cash-flowing music royalties. MRI pays a monthly dividend generating a 7.2% annual yield and has paid out over $12 million in 66 dividend payments since 2019. The Company will now hold 4 million shares in MRI at a cost of $2 million, generating $144,000 in annual dividend income. RI intends to acquire additional shares in MRI as they become available, in order to become cash flow positive. All securities issued pursuant to this acquisition will have a legend with a hold period of four months and one day from the date of issuance. About Royalties Inc. For further information contact Royalties Inc. at www.royaltiesinc.com. Neither the CSE, OTC Markets nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release. Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of those terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in g...