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Canada : GOLD ROYALTIES enters binding LOI to acquire NSR royalties.

Gold Royalties Corp. is pleased to announce that it has entered into a binding letter of intent to acquire a portfolio of NSR royalties from Murgor Resources Inc.

The Assets comprises of five total smelter return royalties on Quebec-based gold projects, plus a choice for a further sixth NSR royalty interest.

Ryan Kalt, President and Chief Executive Officer of Gold Royalties said, "This deal materially grows the count of our royalty portfolio, which will reach or exceed 20 royalty interests in Canada upon completion of the transaction. In addition, the acquisition bolsters our position as the leading gold royalty company in the Urban-Barry greenstone belt. It also provides Gold Royalties with up to $2.75M of potential future cash payments from operator buy-down options."

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Publication:Mena Report
Date:Apr 10, 2014
Words:137
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