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Gold Royalty Completes Expanded Royalty Financing With Monarch Mining Corporation

Apr 06, 2022•over 3 years ago

Description

Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE: GROY) is pleased to announce that it has completed its previously announced transaction with Monarch Mining Corporation ("Monarch"). Pursuant to the transaction, Gold Royalty provided C$4.5 million in additional royalty financing to Monarch in exchange for increasing the size of the Company's existing royalties and provided an additional C$1 million in financing to Monarch by participating in its marketed private placement.

Company Information

Company

Gold Royalty

About

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists of net smelter return royalties on gold properties located in the Americas. SOURCE Gold Royalty Corp.