Elemental Royalties Corp. today confirmed that an inadequate, all-share hostile takeover bid made by Gold Royalty Corp. for Elemental was not successful. Based on information from available sources, Elemental estimates that significantly less than 5% of its shares were tendered to the Hostile Bid. Having failed to meet the statutory minimum tender [...]
Elemental Royalties Corp. today notes the extension for ten business days by Gold Royalty Corp. of its inadequate, all-share hostile takeover bid for Elemental. Based on information obtained by Elemental and its advisors from available sources, Elemental estimates that less than 5% of its shares were tendered to the Hostile Bid as of 5:00 pm [...]
Elemental Royalties Corp. today reiterated its recommendation that shareholders REJECT an inadequate, all-share hostile takeover bid by Gold Royalty Corp. . As previously disclosed, Elemental's board of directors has unanimously determined that the Hostile Bid is not in the best interests of the Company or its shareholders. Elemental has also [...]
Elemental Royalties Corp. today commented on a misleading overstatement by Gold Royalty Corp. about the value of Gold Royalty's hostile takeover bid for Elemental and on Gold Royalty's unfounded criticism of Elemental's recently completed C$14 million private placement financing . Elemental reminds shareholders that the Hostile Bid involves a share [...]
Elemental Royalties Corp. is pleased to announce that it has completed the previously announced acquisition of a gold purchase and sale agreement with Rambler Metals and Mining Canada Limited, a wholly owned subsidiary of Rambler Metals & Mining Plc , the owner of the Ming Copper-Gold Mine in Newfoundland and Labrador in Canada. As consideration [...]
Elemental Royalties Corp. today announced that it completed its previously announced non-brokered private placement of 9,275,000 common shares of Elemental at an issue price of C$1.51 per Common Share for aggregate gross proceeds of C$14,005,250 . The net proceeds of the Offering will be used to fund the acquisition of a gold stream at the Ming [...]
Elemental Royalties Corp. today issued its audited financial results for the fourth quarter and full year ended December 31, 2021. The audited results confirm a strong increase in revenue previously disclosed on a preliminary basis on March 17, 2021. For complete details please refer to the Financial Statements and associated Management's [...]
Recommendation to REJECT the Hostile Bid is Further Reinforced HIGHLIGHTS Gold stream acquisition delivers immediate cash flow and uncapped long-term revenue potential from a Canadian mine with a long operating history and a track record of exploration success Minimum gold deliveries to Elemental set at 1,200 ounces per year for the first three [...]
Results Reinforce Recommendation to REJECT the Hostile Bid Elemental Royalties Corp. today announced preliminary revenue1 of approximately US$2.3 million for the fourth quarter of 2021, up approximately 53% from US$1.5 million a year earlier. The preliminary revenue is a quarterly record for Elemental and is based on sales volume of approximately [...]
Elemental Royalties Corp. today reported that holders of a firm majority of the Company's shares have reiterated to management that they intend to REJECT an inadequate all-share hostile takeover bid by Gold Royalty Corp. Elemental disclosed in its Directors' Circular dated January 24, 2022 that management heard similar views from its shareholders [...]
Gold Royalty Corp. is pleased to provide an update on its growth plans, and its proposed acquisition of Elemental Royalties Corp. . Continuing its trajectory of disciplined expansion and growth over the past year, Gold Royalty has offered to acquire all of the issued and outstanding Elemental common shares for consideration of 0.27 of a Gold [...]
10 AM EST TOMORROW Elemental Royalties Corp. today announced that the Board of Directors , following the unanimous recommendation of a special committee of independent directors , has unanimously determined that the all-share hostile takeover bid from Gold Royalty Corp. is not in the best interests of the Company or its shareholders . The Board [...]
