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Ely Gold Royalties Inc
Symbol ELY
Shares Issued 136,948,995
Close 2020-09-15 C$ 1.34
Recent Sedar Documents

Ely Gold Royalties acquisition of VEK Associates

2020-09-15 18:03 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation in connection with a binding letter of intent dated Feb. 24, 2020, between the company and VEK Associates. VEK holds a 50-per-cent interest in VEK/Andrus Associates, rights and title in and to certain mineral claims, and rights and title in and to certain leased contracts, and will become a wholly owned subsidiary of the company. In consideration of purchasing 100 per cent of the outstanding VEK shares, the 11 shareholders of VEK will receive $5-million (U.S.) and 2,005,164 non-transferable share purchase warrants that are exercisable at 62 cents per share for a two-year period.

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