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Stock impact report

Dundee Corporation Announces the Closing of the Sale of Its Royalty on the Borborema Gold Project [Yahoo! Finance]

Gold Royalty Corp. Common Shares (GROY) 
Company Research Source: Yahoo! Finance
closed the previously announced sale of its royalty on the Borborema Gold Project to Gold Royalty Corp. (“GROY”) for an aggregate purchase price of US$45 million comprised of US$30 million in cash and US$15 million in common shares of GROY issued to Dundee at US$4.20 per share. Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation commented “The closing of the sale of the Borborema royalty represents a disciplined step in our ongoing strategy to crystallize value and redeploy capital into opportunities that we believe can generate sustainable future cash flow for Dundee through mining operations. This transaction was completed with a counterparty that shares our conviction in the long-term value of the underlying asset, and it reflects a relationship-driven partnership built around that shared view. With the transaction now closed, we have strengthened our balance sheet further and delivered NAV accretion for shareholders. Based on our updated assessment, hig Show less Read more
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