CALGARY, April 23, 2015 /CNW/ - Gold Royalties
Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "Company")
is pleased to announce voting results from its Special Meeting of
Shareholders held on April 23, 2015
in Calgary, Alberta.
A total of 7,645,890 common shares, representing approximately
26.68% of the Company's issued and outstanding common shares, were
voted in connection with the meeting.
Gold Royalties shareholders voted to approve the previously
announced plan of arrangement (the "Arrangement") under the
Business Corporations Act (Alberta) with Sandstorm Gold Ltd.
("Sandstorm"). The resolutions approving the Arrangement was
approved by 99.96% of the votes cast by Gold Royalties shareholders
present in person or represented by proxy at the meeting, as well
as 99.95% of the votes cast by shareholders after excluding Gold
Royalties shares held by interested parties, as required pursuant
to Multilateral Instrument 61-101 – Protection of Minority
Security Holders in Special Transactions. Under the terms of
the Arrangement, on completion of the Arrangement, Sandstorm will
issue to each holder of a Gold Royalties common share 0.045 of
Sandstorm common share.
The Arrangement remains subject to final court approval,
expected to be obtained on April 24,
2015.
Closing of the Arrangement is expected to occur on or about
April 28, 2015.
About Gold Royalties Corporation
Gold Royalties Corporation is a publicly traded,
growth-orientated gold royalty business that acquires and holds
gold royalty assets for investment purposes. For more information,
please visit www.GoldRoyalties.ca.
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Actual results
may differ materially from those currently expected or forecast in
such statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Gold Royalties Corporation