CALGARY, ALBERTA--(Marketwired - April 7, 2014) -Gold Royalties Corporation(TSX VENTURE:GRO) ("Gold Royalties" or "Company") is pleased to announce that it has entered into a binding letter of intent (the "Acquisition") to acquire a portfolio of NSR royalties (the "Assets") from Murgor Resources Inc. (TSX VENTURE: MGR).
The Assets consist of five net smelter return (NSR) royalties on Quebec-based gold projects, plus an option for a further sixth NSR royalty interest.
"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," stated Ryan Kalt, President and Chief Executive Officer of Gold Royalties.
Read more at https://www.stockhouse.com/news/press-releases/2014/04/07/gold-royalties-corporation-to-acquire-gold-royalty-portfolio-in-quebec#hADLWH7rYxOR2HvA.99