Royalty North Announces Closing of Entree Share Purchase
Royalty North Announces Closing of Entree Share Purchase
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Royalty North Partners Ltd. (TSXV: RNP) ("RNP" or the "Company") announces that it has closed its previously announced transaction (the "Entrée Share Purchase") with Sandstorm Gold Ltd. ("Sandstorm") whereby it acquired an approximately 25.2% stake in Entrée Resources Ltd. ("Entrée").
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年6月1日)-Royalty North Partners Ltd.(TSXV：RNP)(“RNP“或”公司“)宣佈已完成先前宣佈的交易(”入股申購“)與沙塵暴黃金有限公司(”沙塵暴“)，收購了Entrée Resources Ltd.約25.2%的股份(”主菜").
Pursuant to the Entrée Share Purchase, RNP acquired, through its wholly-owned subsidiary, 1363013 B.C. Ltd., 49,672,515 common shares in the capital of Entrée (the "Entrée Shares") from Sandstorm for a deemed value of C$0.87 per Entrée Share, in consideration for a promissory note in the principal amount of C$43.2 million. The promissory note is secured by a security interest over the Entrée Shares sold to RNP. The Entrée Share Purchase was completed in connection with RNP's previously announced reverse takeover transaction (the "RTO Transaction") with Sandstorm whereby RNP will acquire certain copper-gold assets from Sandstorm, repositioning RNP as a high-growth copper mining company.
根據Entrée股份購買，RNP通過其全資子公司1363013 B.C.Ltd.收購了Entrée資本中的49,672,515股普通股。Entrée股份從沙塵暴以每股0.87加元的價格購買，作為本金4320萬加元的本票的對價。本票由出售給RNP的Entrée股票的擔保權益擔保。Entrée股票的購買與RNP之前宣佈的反向收購交易(TheRTO 交易記錄“)與沙塵暴合作，RNP將從沙塵暴收購某些銅金資產，將RNP重新定位為一家高增長的銅礦公司。
For further details regarding the Entrée Share Purchase, please refer to the Company's press release dated May 26, 2022. Please also see RNP's news releases dated February 17, 2022 and May 2, 2022 for additional information on the RTO Transaction.
關於Entrée股份購買的進一步細節，請參閲公司於2022年5月26日發佈的新聞稿。另請參閲RNP於2022年2月17日和2022年5月2日發佈的新聞稿，瞭解有關RTO交易的更多信息。
Trading in the common shares of RNP is currently halted and it is not anticipated that trading in the common shares of RNP will resume prior to completion of the RTO Transaction.
RNP的普通股目前暫停交易，預計RNP的普通股將不會在RTO交易完成之前恢復交易。
For more information about Royalty North Partners Ltd., please contact:
欲瞭解有關Royalty North Partners Ltd.的更多信息，請聯繫：
Victoria McMillan
Chief Financial Officer
維多利亞·麥克米蘭
首席財務官
Phone: (604) 628-1033
電話：(604)628-1033
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TSXV及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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不得在美國境內傳播或分發給美國通訊社
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