TORTOLA, British Virgin
Islands, May 12, 2021 /CNW/ -
Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company"
or "Sailfish") is pleased to announce that, further to its news
release dated March 17, 2021, it has
received the remaining US$3 million
in connection with the royalty transfer agreement (the
"Transaction") whereby a post-buy-down interest of 0.75% of the
Company's up to 3.5% NSR held on the Tocantinzinho gold project
located in northern Brazil has
been transferred to Metalla Royalty & Streaming Ltd. The
Company has now received full payment of the US$9 million in purchase consideration in
connection with the Transaction.
Additionally, Sailfish is pleased to announce that it has
received the first delivery from its gold stream equivalent to a 3%
NSR on the San Albino gold project located in northern
Nicaragua.
Cesar Gonzalez, Chief Executive
Officer of Sailfish states that, "the receipt of the final cash
payment from the Transaction and the first delivery from the San
Albino gold stream will further bolster the Company's balance sheet
and provide the means to continue repurchasing shares, facilitate
the planned spinout of the Gavilanes silver property and explore
paying a dividend."
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are three main assets on advanced stage
projects in the Americas: a gold stream equivalent to a 3% NSR on
the San Albino gold project (~3.5 sq. km) and a 2% NSR on the rest
of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua; an up to 2.75% NSR on
the Tocantinzinho gold project in the prolific Tapajos district of
northern Brazil; and an up to 3%
NSR on the multi-million ounce Spring
Valley gold project in Pershing
County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please visit the
Company's website at www.sailfishroyalty.com for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary statement regarding forward–looking
information
Certain disclosures in this release
constitute "forward-looking information" within the meaning of
Canadian securities legislation. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by words such as the following: expects, plans,
anticipates, believes, intends, estimates, projects, assumes,
potential and similar expressions. Forward-looking statements also
include reference to events or conditions that will, would, may,
could or should occur, including, without limitation, statements
regarding the Company's expectation that the San Albino gold
project is nearing or in production, the continuance of the
Company's normal course issuer bid, the Company's plans for the
spinout or monetization of the Gavilanes silver property and the
potential payment of a dividend. In making the forward-looking
statements in this news release, the Company has applied certain
factors and assumptions that the Company believes are reasonable,
including that the San Albino gold project is in or nearing
production, the continuance of the Company's normal course issuer
bid, the Company's plans for the spinout or monetization of the
Gavilanes silver property and regarding the payment of a dividend.
However, the forward-looking statements in this news release are
subject to numerous risks, uncertainties and other factors that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements, including without
limitation: that the San Albino gold project is not nearing
production or will not achieve production at all, that the Company
will continue to fund its normal course issuer bid from the
proceeds of the Transaction, that the spinout or monetization of
the Gavilanes silver property will not happen and that the payment
of dividend will not happen. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Readers
are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws.
SOURCE Sailfish Royalty Corp.