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Category Archives: Ely Gold Royalties

Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Purchases Interest in Borden Lake Royalty

Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Purchases Interest in Borden Lake Royalty
May 28, 2020 – Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has signed a binding term sheet with two individuals dealing at arm’s length to the Company (the “Vendors”) to purchase 0.40% of a 2.0% net smelter returns royalty on the Borden Lake Gold Mine (the “Probe Royalty”) which includes a group of mineral tenures located approximately 160.0 km. southwest of the city of Timmins and 9.0 km. east-northeast of the town of Chapleau, Ontario (the “Transaction”).
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Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Option Agreement, 3.0% NSR on Olympic Gold Project, Nevada

Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Option Agreement, 3.0% NSR on Olympic Gold Project, Nevada
Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that Nevada Select Royalties Inc., a subsidiary of Ely Gold, has entered into an Option to Purchase Agreement (the "Option Agreement") with Great Western Mining Corporation Inc., ("Great Western") a wholly-owned subsidiary of Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) to acquire 48 unpatented lode mineral claims on the Olympic Gold Project (the "Property") located in Mineral County, Nevada. At the conclusion of the Option Agreement, Ely Gold retains a three (3.0%) Net Smelter Returns Royalty on any future production at the Olympic Gold Project.
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Ely Gold Royalties Announces Closing of CDN$17,250,000 Brokered Private Placement

Ely Gold Royalties Announces Closing of CDN$17,250,000 Brokered Private Placement
Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has closed its previously announced brokered private placement offering of 21,562,500 units (the “Units”) of the Company at a price of $0.80 per Unit for gross proceeds of C$17,250,000 (the “Offering”), including the full amount of the agents’ over-allotment option.  The Offering was placed through a syndicate of agents (the “Syndicate”) co-lead by Clarus Securities Inc. and Mackie Research Capital Corporation as joint bookrunners (the “Co-Lead Agents”) and including PowerOne Capital Markets Limited (collectively, the “Agents”).
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