Elemental Royalties Limited, (‘Elemental’ or the ‘Company’), a private company expanding a diversified portfolio of mineral royalties, is pleased to provide an update to its proposed transaction with Fengro Industries Corp, (‘Fengro’).

A news release made by Fengro today provides comprehensive background information to the transaction, as well as selected financial information and details of the executive management team.

In connection with the transaction, Elemental intends to complete a best efforts brokered private placement offering of subscription receipts  for gross proceeds of approximately C$15M at a price of $1.30 per subscription receipt. The final size and price of the placement will be determined in the context of the market. Elemental has engaged Canaccord Genuity Corp. to act as lead agent and sole bookrunner.

The text above is Elemental Royalties’ comment to the operator’s news release and is not included within the original release. The original article is available using the links below.

Download PDF: 
http://www.elementalroyalties.com/_resources/news/2020/200521-Elemental-Fengro-Update.pdf?v=0.598

About Elemental Royalties Limited

Elemental provides investors with exposure to a dividend-paying royalty company building a diverse portfolio of mining royalties, benefiting from ongoing royalty revenue, future exploration upside and low operating costs.

Since early 2017 Elemental has assembled a portfolio of six royalties over seven commodities in five countries, five of which cover producing mines. Immediate cash-flow has enabled Elemental to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend from inception.

Elemental’s focus remains on securing royalties over advanced assets with established operators and credible counter-parties from a robust pipeline of potential royalty acquisitions across commodities and geographies.

For further information you are invited to visit the Company’s website www.elementalroyalties.com or contact:

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements which constitute “forward-looking”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions or the negative thereof, as they relate to the Company, or its management, are intended to identify such forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.  These forward-looking statements speak only as at the date of this press release.  Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.