Ely gold receives final court approval of gold royalty business combination

Vancouver, bc, aug. 20, 2021 /prnewswire/ - ely gold royalties inc. (tsxv: ely) (otcqx: elygf) (" ely gold ") and gold royalty corp. (nyse american: groy) ("grc") are pleased to announce that ely gold has obtained a final order from the supreme court of british columbia, dated august 20, 2020, fulfilling a material condition of their previously announced business combination to be completed by way of statutory plan of arrangement under the british columbia business corporations act (the "arrangement")  with this court approval, most of the terms and conditions to the implementation of the arrangement have now been met, including the approval of ely gold shareholders ("ely shareholders") obtained at a special general meeting held on august 17, 2021. pursuant to the arrangement, grc will acquire all of the issued and outstanding ely gold common shares (the "ely gold shares").
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