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Gold Royalty Corp. (GROY) has successfully completed its business combination with Ely Gold Royalties Inc. (ELYGF), establishing a significant player in the precious metals royalty sector. The transaction involved acquiring all Ely Gold common shares, resulting in Ely Gold becoming a wholly-owned subsidiary of GRC. GRC now boasts four producing royalties and numerous assets at different development stages, enhancing its portfolio and cash flow. This merger aligns with GRC's strategy to consolidate its position in the royalty space and create shareholder value.
Ely Gold Royalties Inc. has received final court approval for its business combination with Gold Royalty Corp, fulfilling a key condition of their plan. The court ruling, dated August 20, 2021, follows shareholder approval obtained on August 17, 2021. Under the arrangement, Ely Gold shareholders will receive GRC shares or cash based on their election. The transaction is expected to close on August 23, 2021, leading to the delisting of Ely Gold shares from the TSX Venture Exchange and OTCQX. GRC shares will subsequently be listed on the NYSE American.
Ely Gold Royalties Inc. (TSXV: ELY) and Gold Royalty Corp. (NYSE American: GROY) have announced the overwhelming approval of their business combination by Ely Gold Shareholders on August 17, 2021. The Arrangement Resolution received 99.52% approval, with significant support from shareholders. Under the Arrangement, GRC will acquire Ely Gold Shares, enabling shareholders to receive GRC Common Shares or a cash alternative. The deal is pending final approval from the Supreme Court of British Columbia, with completion anticipated around August 23, 2021.
Gold Royalty Corp. (NYSE American: GROY) and Ely Gold Royalties Inc. (TSXV: ELY; OTCQX: ELYGF) are hosting a Town Hall Meeting on August 10, 2021, at 11:00 am EST. The meeting will feature updates on their recent merger transaction announced on June 21, 2021. CEOs Trey Wasser and David Garofalo will present and answer shareholder questions. Ely Gold focuses on gold royalties, offering exposure to gold prices, while Gold Royalty provides creative financing solutions in the mining sector.
Gold Royalty Corp. (GRC) and Ely Gold Royalties Inc. (Ely Gold) announced a definitive agreement on June 21, 2021, for GRC to acquire all Ely Shares via a statutory plan of arrangement. Shareholders can choose C$1.46 in cash or 0.2450 GRC shares per Ely Share. The deal, creating a larger Americas-focused royalty company, offers a 42% premium to Ely Gold shareholders based on recent trading prices. Shareholder meetings for approval are set for August 2021, with the transaction expected to close in Q3 2021. Both companies plan to leverage their strengths for future growth.
