VANCOUVER, BC, June 22, 2021 /PRNewswire/ - Gold
Royalty Corp. ("GRC") (NYSE American: GROY) is pleased to announce
that it is has been added to the VanEck Vectors Junior Gold Miners
ETF ("GDXJ") as of June 11, 2021.
David Garofalo, CEO, President,
and Chairman of GRC, stated: "Our path to creating an exciting high
growth, diversified public royalty company began with our
successful IPO in March this year. At that time, we knowingly
entered a congested arena that has seen a proliferation of new
public royalty companies in the past 18 months. Yesterday's
announced C$292 million proposed
acquisition of Ely Gold Royalty
(EGR) moves the Company significantly along this path to create a
leading growth and Americas oriented precious metals royalty
company. This transaction coupled with our demonstrated ability to
successfully access the capital markets, combines with yet another
important milestone for the Company - GRC's inclusion in the GDXJ
which further raises the Company's profile among retail and
institutional investors. Having meaningfully advanced our goals in
a short timeframe, we are poised to take advantage of a strong
balance sheet, liquidity position and capital markets presence to
successfully compete with the larger intermediate companies in our
sector and to further execute on our growth ambitions."
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
of net smelter return royalties ranging from 0.5% to 2.0% on 18
gold properties covering 12 projects located in the Americas.
Cautionary Statement on Forward-Looking Information:
Certain of the information contained in this news release
constitutes 'forward-looking information' and 'forward-looking
statements' within the meaning of applicable Canadian and U.S.
securities laws ("forward-looking statements") and involve known
and unknown risks, uncertainties and other factors that may cause
GRC's actual results, performance and achievements to be materially
different from the results, performance or achievements expressed
or implied therein. Such forward-looking statements, including but
not limited to statements relating to: the proposed
transaction with EGR; the ability of the parties to satisfy the
conditions to closing of such transaction; and the anticipated
timing thereof; and the anticipated timing, benefits and effects of
the completion of the Arrangement, involve risks,
uncertainties and other factors which may cause the actual results
to be materially different from those expressed or implied by such
forward-looking statements. Such factors include, among others,
obtaining required shareholder and regulatory approvals, , any
inability to satisfy the other conditions to the transaction,
material adverse effects on the business, properties and assets of
EGR; and any inability of the parties to realize the benefits of
the proposed transaction. AlthoughGRC has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. 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. GRC does not undertake to
update any forward-looking statements, except in accordance with
applicable securities laws.
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SOURCE Gold Royalty Corp.