Grenville Strategic Royalty Provides Additional Detail on Boardwalktech Transaction
December 15 2017 - 3:12PM
Further to the release earlier today, Grenville Strategic Royalty
Corp. (TSXV:GRC) (“Grenville” or the “Company”) provides additional
commentary that the investment in Boardwalktech, Inc.
(“Boardwalktech”) was made with similar financial terms to our
other royalty agreements with monthly payments and a buyout
provision. The transaction was led by SQN Venture Partners (“SQN”),
and Grenville was a participant in the transaction following SQN as
lead investor.
About
GrenvilleBased in Toronto, Grenville
Strategic Royalty Corp. is a publicly-traded royalty company that
makes investments in established businesses with revenues of up to
$50 million dollars. Grenville generates revenues from royalty
payments and buyouts from contracts. The non-dilutive royalty
financing structure offered by Grenville competes directly with
traditional equity to meet the long-term financing needs of
companies on more attractive commercial terms.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For
further information,
please contact:
Grenville Strategic
Royalty Corp.:Steven
ParryChief Executive OfficerTel: (416) 777-0383
Grenville Strategic Royalty (TSXV:GRC)
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