Evolve Royalties to Acquire a Portfolio of Seven Royalties, Including Copper Royalties on Portions of Osisko Metals’ Gaspé Copper Project and Red Brook Property Recently Optioned by Osisko Metals
Evolve Royalties agreed to acquire a portfolio of seven royalties and royalty rights for approximately US$6.2 million, payable in $2.25 million cash plus 2,416,666 shares at $2.68. The package includes a 1.5% NSR on the Porphyry Mountain sector of Osisko Metals' Gaspé Copper Project and a 2% NSR on the Red Brook copper property, plus five other Québec and New Brunswick royalty interests.
Key figures
- Deal Value Usd
- $8,726,665 (US$6,165,389)
- Gaspe nsr
- 1.5%
- Red brook nsr
- 2%
- Royalty count
- 7
- Shares issued
- 2416666
- Cash component
- $2,250,000
- Deemed share price
- $2.68
AI analysis
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