VANCOUVER, BC, Dec. 19,
2023 /CNW/ - Gold Royalty Corp. ("Gold
Royalty" or the "Company") (NYSE American: GROY) is
pleased to announce that, further to its news release dated
December 5, 2023, it has completed its investment, consisting
of a 2% net smelter return royalty on the Borborema gold project
(the "Royalty") and a royalty-convertible gold-linked
loan, with Borborema Inc., a wholly-owned subsidiary of
Aura Minerals Inc. (the "Transaction"). Pursuant to the
Transaction, Gold Royalty acquired the Royalty for US$21.0 million and the royalty-convertible
gold-linked loan for US$10.0 million in cash consideration.
In connection with the Transaction, the Company also completed
its previously announced private placement of $40 million
aggregate principal amount of unsecured convertible debentures with
Queen's Road Capital Investment Ltd. and Taurus Mining Royalty
Fund L.P., a fund managed by Taurus Funds Management Pty
Limited.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering
creative financing solutions to the metals and mining industry. Its
mission is to acquire royalties, streams and similar interests at
varying stages of the mine life cycle to build a balanced portfolio
offering near, medium and longer-term attractive returns for its
investors. Gold Royalty's diversified portfolio currently consists
primarily of net smelter return royalties on gold properties
located in the Americas.
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SOURCE Gold Royalty Corp.