Electric Royalties Investor Increases Stake to 15.4% as Positive Cash Flow Comes into Sight
Investor Stefan Gleason has increased his stake in Electric Royalties Ltd. (ELECF) to approximately 15.4% after acquiring an additional 2% of outstanding shares. The latest purchase occurred on September 23, 2022, costing $90,739 CAD. Gleason expressed optimism about the company's future, particularly its expected cash flow from its royalty portfolio. Previously, his stake was 13.08%. This report aligns with Canadian securities regulations and aims to inform shareholders about changes in ownership.
- Investor Stefan Gleason increased his stake to 15.4%, indicating strong confidence in the company's future.
- The company's royalty portfolio is expected to generate several million dollars in annual cash flow within the next three years.
- Management has a track record of making accretive deals while safeguarding shareholder interests.
- None.
CHARLOTTE, NC / ACCESSWIRE / September 26, 2022 / Stefan Gleason (the "Acquiror"), a private investor, today announced that he is filing another early warning report in connection with his acquisition of an additional
"I am thrilled to continue snatching up steeply undervalued shares of this first-mover battery metals company, especially as its royalty portfolio appears poised to spin off several million dollars in annual cash flow within the next three years," said Gleason. "Management has demonstrated it can ink accretive deals while carefully guarding shareholder interests. Well positioned for today's inflationary environment, Electric Royalties' efficient business model has a bright future."
On September 23, 2022, Acquiror purchased 304,900 Company shares via the OTCQB (at a cost of
Previously, on July 18, 2022, the Acquiror filed a report under the early warning reporting rules of Canadian securities laws, disclosing that he beneficially owned or had control or direction over 11,813,928 Shares and 500,000 Warrants, at the time representing approximately
This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed at www.sedar.com.
Electric Royalties Ltd. is located at 14th floor, 1040 West Georgia Street, Vancouver, B.C. V6E 4H1 Canada.
For further information:
Stefan Gleason
PO Box 49043, Charlotte, NC 28277
Tel: 208-577-2230
Email: stefan_gleason@yahoo.com
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address anticipated future events are forward-looking statements. Although the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.
SOURCE: Stefan Gleason
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