Bullboard - Stock Discussion Forum Ely Gold Royalties Inc ELYGF

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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... see more

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OTCQX:ELYGF - Post Discussion

Ely Gold Royalties Inc > Deal assistance

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Post by woolco999 on Aug 03, 2021 7:21pm

Deal assistance

Can anyone help with a couple questions.

1. If we choose the 1.46 money option ...when will we get the money?

2. Up to when can we buy stock at 1.30 and then get 1.46 or .245 of a GROY share in exchange?

I don't understand how ELY is trading more than 10% below both exit prices....unless ones money is tied up for a few months etc....

Why would not an arbitrage player buy 500k shares of ELY at 1.30 and then sell to GROY for 1.46?

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Comment by Lynx9 on Aug 05, 2021 12:56pm

Read 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 ...more

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Comment by medvic1 on Aug 05, 2021 3:25pm

This reference does not answer those questions. The same questions I had before July 14th. so, I just decided to buy as much as I can till July14 as it guaranties $1.46p/sh.

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