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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (73860)	9/18/2012 3:38:42 PM
From: kidl	1 Recommendation Respond to of 78416

Franco seems to like the SSL model ... Gold Royalties, Franco sign royalty participation deal 2012-09-18 12:44 ET - News Release Shares issued 18,346,226 GRO Close 2012-09-17 C$ 0.75 Mr. Ryan Kalt reports GOLD ROYALTIES CORPORATION AND FRANCO-NEVADA CORPORATION ENTER INTO AGREEMENT Gold Royalties Corp. has entered into a royalty acquisition partnership with Franco-Nevada Corp., an arm's-length party. Under the terms of the agreement, Gold Royalties has provided Franco-Nevada a participation right to acquire, at the time of purchase, a 50-per-cent asset-level ownership position in any future royalty transaction which Gold Royalties has a signed letter of intent or binding agreement to acquire. The royalty acquisition partnership shall currently apply to any new net smelter return, net profits interest or metal stream royalty acquisition where the total consideration paid for the royalty is up to $15-million. "Franco-Nevada is looking forward to working with Gold Royalties Corporation. Our recent focus has been on large royalty and stream transactions. Yet our biggest wins have been from discoveries made at some of our smallest investments. This partnership with Gold Royalties provides Franco-Nevada with a window to smaller opportunities with high optionality," stated David Harquail, president and chief executive officer of Franco-Nevada. "It is a privilege to work with the talented and experienced team at Franco-Nevada as we continue to grow Gold Royalties. Franco-Nevada's decision to become involved in our acquisition activity reinforces those efforts and we gain a strategic business partner whom we are keen to collaborate with on future royalty transactions," noted Ryan Kalt, president and chief executive officer of Gold Royalties. The rights granted to Franco-Nevada under the royalty acquisition partnership extend to Sept. 17, 2014, and are subject to renewal for further two-year terms at the mutual election of the parties. We seek Safe Harbor.