Royalties Inc. Announces Financing
Royalties Inc. has announced a non-brokered private placement to raise up to $180,000 by issuing 6,000,000 shares at $0.03 per share. The funds will be used for corporate overhead in Canada and property taxes and litigation expenses in Mexico in 2025. The company notes that its Bilbao silver-zinc-lead project in Mexico's value is expected to be recognized when silver prices exceed US$40 per ounce. With a new judge appointed in Zacatecas, Mexico, final arguments regarding a 2% NSR on the Portree claims (part of Capstone Copper Corp.'s Cozamin mine) are expected to begin in January, with a judgment anticipated in the coming months.
Royalties Inc. ha annunciato un collocamento privato non mediato per raccogliere fino a 180.000 dollari emettendo 6.000.000 di azioni a 0,03 dollari per azione. I fondi saranno utilizzati per le spese generali aziendali in Canada, nonché per le tasse immobiliari e le spese legali in Messico nel 2025. L'azienda fa notare che il valore del suo progetto di argento, zinco e piombo di Bilbao in Messico dovrebbe essere riconosciuto quando i prezzi dell'argento supereranno i 40 dollari USA per oncia. Con un nuovo giudice nominato a Zacatecas, Messico, le argomentazioni finali riguardanti un NSR del 2% sui diritti di Portree (parte della miniera Cozamin di Capstone Copper Corp.) si prevede inizino a gennaio, con una sentenza attesa nei prossimi mesi.
Royalties Inc. ha anunciado una colocación privada no mediada para recaudar hasta 180,000 dólares emitiendo 6,000,000 de acciones a 0.03 dólares por acción. Los fondos se utilizarán para gastos generales corporativos en Canadá, así como para impuestos sobre propiedades y gastos de litigio en México en 2025. La empresa señala que el valor de su proyecto de plata, zinc y plomo de Bilbao en México se espera que se reconozca cuando los precios de la plata superen los 40 dólares estadounidenses por onza. Con un nuevo juez nombrado en Zacatecas, México, se espera que comiencen los argumentos finales relacionados con un NSR del 2% sobre los reclamos de Portree (parte de la mina Cozamin de Capstone Copper Corp.) en enero, con un fallo anticipado en los próximos meses.
로열티즈 Inc.는 6,000,000주를 주당 0.03달러에 발행하여 최대 180,000 달러를 모금하기 위한 비중개 민간 placement을 발표했습니다. 이 자금은 캐나다의 기업 운영비 및 2025년 멕시코의 재산세와 소송비용에 사용될 것입니다. 이 회사는 멕시코의 빌바오 은-아연-납 프로젝트의 가치가 은 가격이 온스당 40달러를 초과할 때 인식될 것으로 예상하고 있습니다. 멕시코의 사카테카스에 새로 임명된 판사가 있어 Portree 청구(캐프스톤 구리 Corp.의 코자민 광산의 일부)에 대한 2% NSR에 대한 최종 주장이 1월에 시작될 것으로 예상되며, 향후 몇 달 내에 판결이 나올 것으로 예상됩니다.
Royalties Inc. a annoncé une placement privé sans intermédiaire pour lever jusqu'à 180 000 $ en émettant 6 000 000 d'actions à 0,03 $ chacune. Les fonds seront utilisés pour les frais généraux de l'entreprise au Canada, ainsi que pour les taxes foncières et les frais de litige au Mexique en 2025. L'entreprise note que la valeur de son projet de silver-zinc-lead de Bilbao au Mexique devrait être reconnue lorsque les prix de l'argent dépasseront 40 $ US l'once. Avec un nouveau juge nommé à Zacatecas, Mexique, les arguments finaux concernant un NSR de 2 % sur les revendications de Portree (partie de la mine Cozamin de Capstone Copper Corp.) devraient commencer en janvier, avec un jugement anticipé dans les mois à venir.
Royalties Inc. hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 180.000 US-Dollar durch die Ausgabe von 6.000.000 Aktien zu einem Preis von 0,03 US-Dollar pro Aktie zu erzielen. Die Mittel werden für die Unternehmensbetriebskosten in Kanada sowie für Grundsteuern und Prozesskosten in Mexiko im Jahr 2025 verwendet. Das Unternehmen weist darauf hin, dass der Wert seines Silber-Zink-Blei-Projekts in Bilbao in Mexiko anerkannt werden sollte, wenn die Silberpreise 40 USD pro Unze übersteigen. Mit einem neuen Richter, der in Zacatecas, Mexiko, ernannt wurde, wird erwartet, dass die abschließenden Argumente zur 2% NSR auf die Portree-Ansprüche (Teil der Cozamin-Mine der Capstone Copper Corp.) im Januar beginnen und ein Urteil in den kommenden Monaten erwartet wird.
- Legal proceedings for 2% NSR on Portree claims moving forward with final arguments stage
- Potential value recognition of Bilbao project tied to silver price milestone
- Dilutive financing of $180,000 at $0.03 per share
- Need for funds to cover basic expenses indicates cash flow concerns
- Bilbao project value recognition dependent on silver reaching $40/oz, significantly above current prices
Toronto, Ontario--(Newsfile Corp. - December 27, 2024) - Royalties Inc. (CSE: RI), ("the Company") announces a non-brokered private placement up to
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| Tim Gallagher | Andrew Robertson | Connor Gallagher |
| CEO & Director | Director | Investor Relations |
| (416) 925‐0090 | (416) 317-0137 | (647) 921-2206 |
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FAQ
What is the size and price of Royalties Inc's (ROYIF) December 2024 private placement?
How will Royalties Inc. (ROYIF) use the proceeds from its December 2024 financing?
What is the status of Royalties Inc's (ROYIF) legal proceedings regarding the Portree claims?
What price does silver need to reach for Royalties Inc's (ROYIF) Bilbao project value to be recognized?
