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Ely Gold Royalties Inc
Symbol C : ELY
Shares Issued 79,055,474
Close 2018-12-05 C$ 0.115
Recent Sedar Documents

Ely Gold arranges $1.43-million private placement

2018-12-06 11:29 ET - News Release

Mr. Trey Wasser reports

ELY GOLD ROYALTIES ANNOUNCES $1.43 MILLION PRIVATE PLACEMENT

Ely Gold Royalties Inc. will undertake a non-brokered private placement offering, consisting of up to 13 million units at a price of 11 cents per unit, for gross proceeds of up to $1.43-million.

Each unit will comprise one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of five years at an exercise price of 22 cents. The exercise period for the warrants may be accelerated by the company to 30 days, if at any time commencing four months and one day after the closing of the offering, the volume weighted average trading price of Ely Gold's common shares on the TSX Venture Exchange exceeds 60 cents over a period of 20 consecutive trading days.

Clients and affiliates of the Sprott Group are expected to participate in the offering.

Finders' fees may be payable in accordance with the policies of the exchange. All securities issued and issuable in connection with this offering are subject to a four-month hold period in Canada from the closing date. The offering is subject to TSX-V acceptance. The net proceeds from the offering will be used for project generative activities and for general corporate expenses.

About Ely Gold Royalties Inc.

Ely Gold Royalties is a Vancouver-based, emerging royalty company with development assets focused in Nevada, the Western United States and Canada. The company's current portfolio includes 27 deeded royalties and 24 properties optioned to third parties. Ely Gold's royalty portfolio includes producing royalties, royalties on fully permitted mines, mines under construction and development projects that are being permitted for mine construction. The company is actively purchasing existing third party royalties for its portfolio and all the company's option properties will produce royalties, if exercised.

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