Ely Gold Royalties Inc.: Ely Gold Royalties Coté Gold Project Royalty
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2020) - Ely Gold Royalties Inc.
(TSXV: ELY) (OTCQX: ELYGF) ("
Ely Gold" or the "
th, the purchase of the Watershed Royalty from Sanatana Resources Inc.
(TSXV: STA) ("
Sanatana") is still subject to final approval from the TSX Venture Exchange.
The Watershed Royalty, a 1% net smelter returns royalty that 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 "