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Ely Gold Royalties Inc ELYGF

Ely Gold Royalties Inc is an exploration and development stage natural resource royalty company. It is engaged in the evaluation, acquisition, exploration, development, and sale of natural resource projects and royalties. The company is currently focused on purchasing royalties and selling its gold projects, with the potential to generate royalties, in the United States and Canada. It holds an interest in Fenelon property; Isabella Pearl and Jerritt Canyon among other operations.


OTCQX:ELYGF - Post by User

Comment by Lynx9on Aug 05, 2021 12:56pm
205 Views
Post# 33655322

RE:Deal assistance

RE:Deal assistanceRead the June 25th news release for all the assistance you will need


The Record Date for voting at the Ely Gold shareholder meeting to consider the transaction is July 14, 2021. Holders of record on that date will have the right to vote their shares at the special general meeting ("Meeting") scheduled for August 17, 2021.

Ely Gold shareholders will have the choice to tender their shares for either "all cash" at CAN$1.46 per share or "all Gold Royalty stock" at a ratio of .2450per Ely Gold share. However, there is a maximum amount of cash that can be distributed and that is CAN$84,000,000and there is a maximum amount of Gold Royalty shares that can be distributed and that is 41,455,194The deadline for shareholders to make an election as between the Gold Royalty stock and the cash option is 4:30 p.m. on August 12, 2021.

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