UPDATE: Gold Royalties Enters into Royalty Acquisition Partnership with Franco-Nevada

By Midnight Trader,  September 18, 2012, 02:48:57 PM EDT

Gold Royalties Corporation (GRO.V) has entered into a royalty acquisition partnership with Franco-Nevada Corporation (FNV.TO).

Under the terms of the agreement, Gold Royalties has provided Franco-Nevada a participation right to acquire a 50% 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 C$15 million.

GRO went up by 1% to 76 cents on volumes of over 5,000. FNV added about 1% to its value, reaching $56.62.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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