Brief: Freehold Royalties Ltd Enters Into An Agreement To Acquire U.S. Royalty Assets For $180 Million

Freehold Royalties

08/09/2021 21:34

Sept 8 (Reuters) - Freehold Royalties Ltd  FRU.TO :
    * FREEHOLD ROYALTIES LTD. ENTERS INTO AN AGREEMENT TO
ACQUIRE U.S.
ROYALTY ASSETS FOR US$180 (CAD$227) MILLION AND ANNOUNCES
CAD$150 MILLION EQUITY FINANCING
    * FREEHOLD ROYALTIES LTD -  U.S. ROYALTY DEAL IMMEDIATELY
ACCRETIVE TO FUNDS FROM OPERATIONS PER SHARE BY ABOUT 14% BASED
ON ACTUAL RESULTS FOR H1 2021
    * FREEHOLD ROYALTIES LTD -  U.S. ROYALTY TRANSACTION IS
EXPECTED
TO BE SIMILARLY ACCRETIVE TO FUNDS FROM OPERATIONS PER SHARE IN
2022
    * FREEHOLD ROYALTIES LTD -  DEAL WILL BE FUNDED THROUGH A
COMBINATION OF A CAD$150 MILLION BOUGHT DEAL TREASURY OFFERING
OF SUBSCRIPTION RECEIPTS OF CO
    * FREEHOLD ROYALTIES LTD - AFTER CLOSING U.S. ROYALTY DEAL,
FORECASTING PRODUCTION VOLUMES TO AVERAGE BETWEEN 11,750-12,250
BOE/D FOR H2 OF 2021
    * FREEHOLD ROYALTIES LTD -  AFTER CLOSING U.S. ROYALTY
TRANSACTION, EXPECT PRODUCTION VOLUMES TO AVERAGE 13,500-14,500
BOE/D FOR 2022

Source text for Eikon:  ID:nCNWRYfHca 
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