Currently viewing Global edition

Ely bolsters royalty portfolio with series of Railroad-Pinion deals

Ely Gold Royalties has announced a fairly significant and complex transaction with 12 separate individuals to secure a new combined 1.15% net smelter return royalty covering certain portions of Gold Standard Venture’s Railroad-Pinion project in Elko County, Nevada, USA.

Ely bolsters royalty portfolio with series of Railroad-Pinion deals Ely bolsters royalty portfolio with series of Railroad-Pinion deals Ely bolsters royalty portfolio with series of Railroad-Pinion deals Ely bolsters royalty portfolio with series of Railroad-Pinion deals Ely bolsters royalty portfolio with series of Railroad-Pinion deals

Ely Gold Royalties has acquired through a series of deals a 1.15% NSR royalty on Gold Standard Ventures' Railroad-Pinion project in Nevada

Ely will pay US$2.51 million in cash for 11 of the 12 transactions and another $1.3 million in cash plus 300,000 Ely five-year warrants at $1.15 per share to complete the 12th transaction.