Gold royalty announces intention to acquire elemental royalties corp.

Vancouver, bc, dec. 20, 2021 /prnewswire/ - gold royalty corp. (nyse american: groy) ("gold royalty" or the "company") announces its intention to pursue an offer to acquire all of the outstanding common shares (the "elemental shares") of elemental royalties corp. (tsxv: ele) ("elemental") for consideration consisting of 0.27 common shares of gold royalty (the "gold royalty shares") in exchange for each elemental share (the "offer"). the offer values elemental at c$1.78 per share and represents a premium of 37% to elemental shareholders based upon the closing prices of the elemental shares on the tsx venture exchange and the gold royalty shares on the nyse american on december 17, 2021, being the trading day immediately prior to this announcement.
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