Brief: Gold Royalty Announces Intention To Acquire Elemental Royalties Corp

Elemental Royalty

20/12/2021 11:41

Dec 20 (Reuters) - Gold Royalty Corp  GROY.A :
    * GOLD ROYALTY ANNOUNCES INTENTION TO ACQUIRE ELEMENTAL
ROYALTIES
CORP.
    * GOLD ROYALTY CORP - ELEMENTAL SHAREHOLDERS EXPECTED TO OWN
ABOUT
12% OF COMBINED ENTITY UPON COMPLETION OF TRANSACTION
    * GOLD ROYALTY CORP - OFFER VALUES ELEMENTAL AT C$1.78 PER
SHARE
    * GOLD ROYALTY CORP- OFFER IMPLIES A TOTAL EQUITY VALUE FOR
ELEMENTAL OF ABOUT C$130 MILLION ON A FULLY DILUTED, IN THE
MONEY BASIS
    * GOLD ROYALTY CORP - DEAL CONSIDERATION OF 0.27 SHARES OF
GOLD
ROYALTY IN EXCHANGE FOR EACH ELEMENTAL SHARE

Source text for Eikon:  ID:nCNW5pHfLa 
Further company coverage:  GROY.A 

 ((reuters.briefs@thomsonreuters.com;))