Gold royalty announces $31 million royalty and gold-linked loan investment in aura's borborema project, financed by $40 million strategic convertible debenture financing with queen's road capital and taurus funds management

Vancouver, bc , dec. 5, 2023 /prnewswire/ - gold royalty corp. ("gold royalty" or the "company") (nyse american: groy) is pleased to announce that it has entered into agreements with borborema inc. ("borborema inc."),a wholly-owned subsidiary of aura minerals inc. ("aura"), to provide $31 million in project financing (the "borborema investment") to develop the borborema gold project in rio grande do norte state, brazil ("borborema project"). pursuant to the transaction, gold royalty will acquire a 2% net smelter return ("nsr") royalty (the "royalty") on borborema from a subsidiary of aura for cash consideration of $21 million and will provide additional project financing to aura's subsidiary as lender under a royalty-convertible gold-linked loan in the amount of $10 million (the "gold-linked loan").
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