Royalties Inc. Announces Closing of Financing
Royalties Inc. (CSE: RI) has successfully closed a non-brokered private placement of $105,000, issuing 3,000,000 common shares at $0.035 per share. The company's financial position is further strengthened by $135,000 in dividends from its investment in Music Royalties Inc. since October 2022 and $74,000 in revenue from four other cash-flowing royalties. These funds are allocated to cover corporate overhead and expenses related to operations in Mexico.
The company is accelerating efforts to maximize the value of its Bilbao silver-zinc-lead project in Mexico, coinciding with silver prices reaching an 11-year high of US$32 per ounce. The surge in silver prices, marking a 50% increase over the past year, along with record gold prices, has significantly boosted interest in public silver companies throughout 2024.
Royalties Inc. (CSE: RI) ha chiuso con successo un collocamento privato non mediato di $105.000, emettendo 3.000.000 azioni ordinarie a $0,035 per azione. La posizione finanziaria della compagnia è ulteriormente rinforzata da $135.000 in dividendi provenienti dal suo investimento in Music Royalties Inc. da ottobre 2022 e $74.000 in ricavi derivanti da altre quattro royalities a flusso di cassa. Questi fondi sono destinati a coprire le spese generali aziendali e i costi legati alle operazioni in Messico.
L'azienda sta accelerando gli sforzi per massimizzare il valore del suo progetto di argento-zinco-piombo di Bilbao in Messico, in concomitanza con il raggiungimento di un massimo di 11 anni di $32 per oncia per l'argento. L'aumento dei prezzi dell'argento, che segna un aumento del 50% rispetto all'anno passato, insieme ai prezzi record dell'oro, ha notevolmente accresciuto l'interesse verso le aziende pubbliche nel settore dell'argento durante il 2024.
Royalties Inc. (CSE: RI) ha cerrado con éxito una colocación privada no mediada de $105,000, emitiendo 3,000,000 de acciones ordinarias a $0.035 por acción. La posición financiera de la empresa se fortalece aún más con $135,000 en dividendos de su inversión en Music Royalties Inc. desde octubre de 2022 y $74,000 en ingresos de otras cuatro regalías que generan flujo de efectivo. Estos fondos están destinados a cubrir los gastos generales de la empresa y los costos relacionados con las operaciones en México.
La compañía está acelerando los esfuerzos para maximizar el valor de su proyecto de plata, zinc y plomo de Bilbao en México, coincidiendo con el aumento de los precios de la plata, que ha alcanzado un máximo de 11 años de $32 por onza. El aumento en los precios de la plata, marcando un incremento del 50% en el último año, junto con los precios récord del oro, ha incrementado significativamente el interés en las compañías públicas de plata durante 2024.
Royalties Inc. (CSE: RI)는 성공적으로 비중개 민간 배급을 통해 $105,000을 모금하고, 주당 $0.035에 3,000,000주를 발행했습니다. 회사의 재정 상태는 2022년 10월 이후 Music Royalties Inc.에 대한 투자로부터 $135,000의 배당금과 네 개의 다른 현금 흐름을 창출하는 로열티에서 발생한 $74,000의 수익으로 더욱 강화됩니다. 이 자금은 기업 운영 비용과 멕시코에서의 운영과 관련된 비용을 충당하는 데 사용됩니다.
회사는 멕시코의 빌바오 은-아연-납 프로젝트의 가치를 극대화하기 위한 노력을 가속화하고 있으며, 이는 은 가격이 온스당 $32로 11년 만에 최고치에 도달했기 때문입니다. 은 가격은 지난 1년 동안 50% 증가했으며, 금의 기록적인 가격 상승과 함께 2024년 내내 공개 은 회사들에 대한 관심을 크게 증대시켰습니다.
Royalties Inc. (CSE: RI) a réussi à clôturer un placement privé non médié de 105 000 $, émettant 3 000 000 d'actions ordinaires à 0,035 $ par action. La position financière de l'entreprise est encore renforcée par 135 000 $ en dividendes de son investissement dans Music Royalties Inc. depuis octobre 2022 et 74 000 $ de revenus provenant de quatre autres royalties générant des flux de trésorerie. Ces fonds sont destinés à couvrir les frais généraux et les dépenses liés aux opérations au Mexique.
L'entreprise accélère ses efforts pour maximiser la valeur de son projet de plomb-zinc-argent de Bilbao au Mexique, coïncidant avec les prix de l'argent atteignant un maximum de 11 ans de 32 $ l'once. La hausse des prix de l'argent, représentant une augmentation de 50 % par rapport à l'année dernière, ainsi que des prix de l'or record, a considérablement accru l'intérêt pour les entreprises publiques d'argent tout au long de 2024.
Royalties Inc. (CSE: RI) hat erfolgreich eine nicht vermittelte Privatplatzierung in Höhe von $105.000 abgeschlossen und 3.000.000 Stammaktien zu je $0,035 ausgegeben. Die finanzielle Lage des Unternehmens wird zusätzlich durch $135.000 an Dividenden aus seiner Investition in Music Royalties Inc. seit Oktober 2022 und $74.000 an Einnahmen aus vier weiteren cash-flow-generierenden Royalties gestärkt. Diese Mittel sollen die Unternehmensbetriebskosten und Ausgaben für die Aktivitäten in Mexiko decken.
Das Unternehmen beschleunigt seine Bemühungen, den Wert seines Silber-Zink-Blei-Projekts in Bilbao in Mexiko zu maximieren, was mit Silberpreisen einhergeht, die ein 11-Jahres-Hoch von 32 US-Dollar pro Unze erreicht haben. Der Anstieg der Silberpreise, der einen Anstieg von 50% im letzten Jahr darstellt, zusammen mit rekordverdächtigen Goldpreisen, hat das Interesse an öffentlichen Silberunternehmen im Jahr 2024 erheblich erhöht.
- Successful closing of $105,000 private placement
- Additional $135,000 in dividends from Music Royalties Inc. investment
- $74,000 in revenue from four cash-flowing royalties
- Silver prices reaching 11-year high of US$32 per ounce
- Increased interest in public silver companies due to rising precious metal prices
- None.
Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Royalties Inc. (CSE: RI) ("the Company") has closed a non-brokered private placement of
Efforts to maximize the value of the Bilbao silver-zinc-lead project in Mexico have accelerated with the silver price rising to an 11 year high of US
About Royalties Inc.
Royalties Inc. has a
Royalties Inc. owns a
Royalties Inc. owns
For further information contact Royalties Inc. at www.royaltiesinc.com
| Tim Gallagher | Connor Gallagher |
| CEO & Director | Investor Relations |
| (416) 925‐0090 | (647) 921-2206 |
Neither the CSE, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of those terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: sufficient capital and financing required in order to fulfill the Company's business plans and strategy may not be obtained as expected; that the Company will not be able to pay future dividends; and other risks related to the Company as disclosed in the documents filed on the Company's SEDAR profile at www.sedar.com. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements contained in this press release and they are expressly qualified in their entirety by this cautionary statement. The forward-looking statements herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements whether as a result of new information, future events or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224536
FAQ
What was the amount and price per share of Royalties Inc.'s recent private placement?
How much dividend income has Royalties Inc. received from Music Royalties Inc. since October 2022?
What is the current price of silver and how has it affected Royalties Inc.'s Bilbao project?
How much has the silver price increased over the last year according to Royalties Inc.'s announcement?
