Alaris Royalty Corp ALARF

NEWS: Alaris

[BSdetector2016]

Alaris Royalty Corp. Announces the Repurchase of Its Financial Interests in End of the Roll. CALGARY, Alberta, July 03, 2018 (GLOBE NEWSWIRE) -- Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is announcing today that End of the Roll Carpet & Vinyl (EOR) has repurchased Alaris financial interests in EOR for $12.60 million (the EOR Repurchase). Alaris original investment into EOR was in May 2005 for $7.20 million and over the last 13 years Alaris has collected approximately $16.83 million of royalties from EOR (the EOR Royalties). Together with the proceeds from the EOR Repurchase and EOR Royalties previously collected, Alaris has generated total returns of $22.23 million (309%) as well as an IRR of approximately 22%. The EOR Repurchase was completed at $6.50 million above the book value Alaris recorded for EOR at March 31, 2018, a 75% premium to Alaris initial investment and at a 9.88x multiple of the current annualized royalty to Alaris, which was $1.27 million. https://globenewswire.com/news-release/2018/07/03/1532909/0/en/Alaris-Royalty-Corp-Announces-the-Repurchase-of-Its-Financial-Interests-in-End-of-the-Roll.html