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Tag Archives: Ely Gold

Ely Gold Royalties Announces Closing of Trenton Canyon Royalty Interest

Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") through its wholly owned subsidiary, Nevada Select Royalty, Inc. ("Nevada Select") has signed a definitive agreement to purchase from a private individual (the "Seller"), a 0.3% gross royalty, representing the Seller's 50% interest (the "Seller's Interest") in a total 0.6% gross royalty (the "Trenton Canyon Royalty"). The terms provided in the definitive agreements have been amended from the terms the Company announced in a press release dated October 13, 2020 (the "Amended Transaction"). The Amended Transaction is subject to the final approval of the Toronto Venture Exchange ("TSXV") (the "Closing").
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Ely Gold Royalties Announces Closing of Cote Gold Project Royalty, Ontario Canada

Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has closed the purchase, a 1% net smelter returns royalty (the "Watershed Royalty") from Sanatana Resources Inc. (TSX-V:STA) ("Sanatana") that was announced on September 29, 2020. The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp., now IAMGOLD Corporation ("IAMGOLD"), dated January 12, 2016, (the "Purchase Agreement") whereby IAMGOLD acquired a 100% interest in 46 mining claims in Chester and Yeo Counties, Ontario (the "Watershed Property"). In addition to the purchase of the Watershed Royalty, Ely Gold was assigned the Purchase Agreement and participated in a private placement of Sanatana Common shares (the "Private Placement" and collectively the "Transactions") The Transactions were closed on December 12, 2020 (the "Closing"). All currency references herein are expressed in Canadian Dollars.
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Ely Gold Royalties (TSXV: ELY, OTCQX: ELYGF) Purchases Railroad-Pinion Royalty, Nevada

Ely Gold Royalties Inc. (TSXV:ELY, OTCQX:ELYGF) (“Ely Gold” or the “Company”) has reached binding agreements with twelve separate individuals to purchase private mineral interests on over 8,000 acres of private fee ground in Elko County, Nevada (the “Mineral Interests”). All of the fee ground and the Mineral Interests are currently leased to Gold Standard Ventures Corp (NYSE AMERICAN: GSV, TSX: GSV) (“GSV”) and cover certain portions of GSV’s Railroad-Pinion Project that is currently being developed as a heap-leach mining operation (the “Leases”). The Leases provide for a combined 1.15% net smelter returns royalty (“NSR”) and annual lease payments of over $150,000. The Mineral Interests and Leases cover large portions of the Dark Star, Pinion and Jasperoid Wash deposits in the South Railroad Complex as well as portions of the POD and Bald Mountain zones in the North Railroad. (see Figure 1). Eleven of the transactions (the “ORTT Transactions”) are expected to close on December 1, 2020 (the “Closing”). One of Transactions (the “OR Transaction”) is subject to the approval of the Toronto Venture Exchange (“TSXV”).
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