Gold Royalty / GROY (ASE)

    Nun offizielles feindliches Übernahmeangebot:


    Gold Royalty Commences Formal Offer to Acquire Elemental Royalties Corp.
    https://www.newswire.ca/news-r…ties-corp--803396189.html


    VANCOUVER, BC, Jan. 11, 2022 /CNW/ - Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty", the "Offeror", or the "Company") announced today that, further to its news release dated December 20, 2021, it has formally commenced its offer (the "Offer") to acquire all of the outstanding common shares (the "Elemental Shares") of Elemental Royalties Corp. (TSX-V: ELE) ("Elemental"), together with the associated rights (the "SRP Rights") under Elemental's shareholder rights plan dated December 30, 2021. The Offer is open for acceptance until 5:00 p.m. (Toronto time) on April 27, 2022. Subject to applicable securities laws, the deposit period may be extended, or in certain circumstances reduced, by Gold Royalty.
    The Consideration
    Under the terms of the Offer, Elemental shareholders will receive 0.27 common shares of Gold Royalty (the "Gold Royalty Shares") in exchange for each Elemental Share, together with the associated SRP Right. The Offer values Elemental at C$1.78 per share and represents a premium of 37% to Elemental shareholders based upon the closing prices of the Elemental Shares on the TSX Venture Exchange and the Gold Royalty Shares on the NYSE American on December 17, 2021, being the trading day immediately prior to the announcement on December 20, 2021 of Gold Royalty's intention to acquire Elemental. The Offer implies a total equity value for Elemental of approximately C$130 million on a fully diluted, in-the-money basis, and Elemental shareholders are expected to own approximately 12% of the combined entity upon completion of the transaction.

    Gold Royalty Announces Inaugural Quarterly Cash Dividend program
    https://www.prnewswire.com/new…nd-program-301462457.html
    Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") is pleased to announce that its board of directors has approved the initiation of a quarterly dividend program and declared an inaugural quarterly cash dividend of US$0.01 per common share. The dividend will be paid on March 31, 2022 to shareholders of record as of the close of business on March 15, 2022.

    GOLD ROYALTY ENTERS INTO DEFINITIVE AGREEMENT FOR A SECURED REVOLVING CREDIT FACILITY OF UP TO US$25 MILLION
    https://www.newswire.ca/news-r…25-million-877539806.html
    Gold Royalty Corp. ("Gold Royalty" or, the "Company") (NYSE AMERICAN: GROY) is pleased to announce that it has entered into a definitive credit agreement with the Bank of Montreal providing for a US$10 million secured revolving credit facility (the "Facility"), that includes an accordion feature providing for an additional US$15 million of availability (the "Accordion").

    Gold Royalty Acquires Near-Term and Long-Life Royalty on IAMGOLD's Canadian Côté Gold Project
    https://www.prnewswire.com/new…ld-project-301487141.html
    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an agreement (the "Agreement") to acquire an existing 0.75% net smelter return ("NSR") royalty (the "Royalty") on a portion of the Côté Gold Project, located in Ontario, Canada and owned by IAMGOLD Corporation ("IAMGOLD"), as the operator, and Sumitomo Metal Mining Co., Ltd., for total consideration of US$15.875 million.


    The Royalty covers the southern portion of the proposed open pit identified as Zone 5 and Zone 7 as illustrated in Figure 1. Based on the geometry of the deposit, the Royalty coverage is coincident with the higher-grade mineralization and is expected to be scheduled during the initial phases of production.
    [Blockierte Grafik: https://mma.prnewswire.com/media/1751320/gold_royalty_image.jpg?w=500]

    GOLD ROYALTY CORP. PORTFOLIO UPDATE SETS TRAJECTORY FOR CONTINUED CASH FLOW GROWTH
    https://www.prnewswire.com/new…low-growth-301489044.html
    Highlights:

    • IAMGOLD announced construction is 43% complete at the Côté Gold Project, with production expected in the second half of 2023, and average annual production of 489,000 ounces of gold over the first 5 years of the mine life. Gold Royalty recently announced an agreement to acquire a 0.75% net smelter return ("NSR") over a portion of the Côté Gold Project. Based on analyst consensus production estimates and current gold prices, the Côté Royalty is currently expected to contribute approximately $1.9 million and $3.1 million to Gold Royalty's cash flow in 2024 and 2025, respectively, and $12.7 million over the first full five years of production when mining is expected to focus on areas covered by the royalty as part of an 18-year, 6.6-million-ounce, life of mine.
    • With 28 royalties already in production or development, Gold Royalty is expected to generate revenues of approximately $7 million in 2022, growing by a sector-leading 58% over the next two years to approximately $17 million in 2024, based on analyst consensus estimates. This highlights the substantial increase in cash flow that Elemental Royalties shareholders are expected to experience from a combination with Gold Royalty.
    • Barrick announced a maiden inferred mineral resource estimate at REN of 1.24 million ounces of gold grading 7.3 g/t. Drilling continues with mineralization open in all directions. Fourth quarter 2021 exploration drilling targeted upside potential and resource expansion outside of the recently defined resource. Highlighted drill results included MRC-21001 with 40.2 metres grading 27.60 g/t gold. Gold Royalty holds a 1.5% NSR royalty and a 3.5% net profits interest ("NPI") over the REN project.
    • Agnico Eagle and Yamana announced mineral resource growth at the Odyssey Underground project ("Odyssey") at Canadian Malartic, with 2.35 million ounces of indicated gold mineral resources and 13.15 million ounces of inferred gold mineral resources reported at year-end. Odyssey is on track for first production in 2023. Gold Royalty holds a 3% NSR royalty over a portion of Odyssey.
    • Wallbridge Mining announced a C$70 million 2022 drilling program of which 115,000 metres is planned at Fenelon for resource expansion and infill drilling to further grow the gold mineral resources at the project. Gold Royalty holds a 2% NSR over the Fenelon project.
    • First Majestic provided guidance of 116,000 – 129,000 ounces of gold production in 2022 at the Jerritt Canyon mine ("Jerritt Canyon"). First Majestic continues to explore with nine drill rigs operating at the end of Q4. Approximately 135,100 metres are planned that consist of surface and underground infill, step-out and exploratory holes to support the life of mine. Gold Royalty holds a 0.5% NSR over Jerritt Canyon.

    Gold Royalty Enters into Additional Royalty Financing Agreement with Monarch Mining Corporation
    https://www.prnewswire.com/new…orporation-301513326.html
    Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE: GROY) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Monarch Mining Corporation ("Monarch") (TSX: GBAR) (OTCQX: GBARF) to provide C$4.5 million
    in additional royalty financing by increasing the size of the Company's
    existing gold royalty interests. Gold Royalty will provide a further C$1.0 million in financing by participating in Monarch's C$12.0 million marketed private placement offering. The expanded royalties include:

    • Increased Per Tonne Royalty ("PTR"): The existing C$2.50 PTR on material from the Beaufor Mine through the Beacon Mill will be increased to C$3.75/t on material from the Beaufor Mine and C$1.25/t on material from the McKenzie Break, Croinor Gold, and Swanson properties.
    • Increased Net Smelter Return ("NSR") Royalties: The existing 2.50% NSR royalties on Monarch's McKenzie Break, Croinor Gold, and Swanson properties will be increased to a 2.75% NSR over the properties.
    • Buyback Elimination: Monarch's existing 1.25% NSR royalty buyback rights on the McKenzie Break, Croinor Gold, and Swanson properties will be extinguished.
    • Pre-emptive Rights: Gold Royalty will retain pre-emptive rights on any future PTR's on the Beacon Mill and will retain a right of first refusal ("ROFR") on the creation of any additional NSR properties over the McKenzie Break, Croinor Gold, and Swanson properties.

    Gold Royalty Completes Expanded Royalty Financing with Monarch Mining Corporation
    https://www.prnewswire.com/new…orporation-301519427.html
    The expanded royalties include:

    • Increased Per Tonne Royalty ("PTR"): The existing C$2.50 PTR on material from the Beaufor Mine through the Beacon Mill will be increased to C$3.75/t on material from the Beaufor Mine and C$1.25/t on material from the McKenzie Break, Croinor Gold, and Swanson properties.
    • Increased Net Smelter Return ("NSR") Royalties: The existing 2.50% NSR royalties on Monarch's McKenzie Break, Croinor Gold, and Swanson properties will be increased to a 2.75% NSR over the properties.
    • Buyback Elimination: Monarch's existing 1.25% NSR royalty buyback rights on the McKenzie Break, Croinor Gold, and Swanson properties will be extinguished.
    • Pre-emptive Rights: Gold Royalty will retain pre-emptive rights on any future PTR's on the Beacon Mill and will retain a right of first refusal on the creation of any additional NSR properties over the McKenzie Break, Croinor Gold, and Swanson properties.


    Sprott Inc. reports 304.84% increase in ownership of GROY / Gold Royalty Corp


    https://fintel.io/so/us/groy/sprott


    Elemental Royalties Confirms Expiry Of Unsuccessful Hostile Takeover Bid By Gold Royalty


    Based on information from available sources, Elemental estimates that significantly less than 5% of its shares were tendered to the Hostile Bid. Having failed to meet the statutory minimum tender condition of more than 50% of the Elemental shares outstanding (excluding those shares beneficially owned, or over which control or direction is exercised by, Gold Royalty or by any persons acting jointly or in concert with Gold Royalty), Gold Royalty has allowed the Hostile Bid to expire.

    Hallo,


    nachdem der Übernahmeversuch von Elemenatal Royalties gescheitert ist, wird auf ceo.ca spekuliert, dass jetzt Empress Royalty das neue Übernahmeziel sein könnte.


    CEO.CA #groy - Gold Royalty Corp (GROY)


    GROY war wohl auf den bestehenden Cashflow bei ELE aus. Baldigen Cashflow würde EMPR für GROY auch bieten und die Übernahme wäre außerdem viel preiswerter.


    Bei den aktuellen Kursen wären ja einige Royalties günstig für eine Übernahme zu haben.


    Was meint ihr?

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