representative work

Ely Gold and Gold Royalty Complete Combination To Create Leading Growth And Americas-Focused Precious Metals Royalty Company


On August 23, 2021, Ely Gold Royalties Inc. and Gold Royalty Corp. completed a business combination by way of a plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which Gold Royalty acquired all of the issued and outstanding Ely Gold common shares. As a result, Ely Gold became an indirect wholly-owned subsidiary of Gold Royalty. Each Ely Gold share was acquired by Gold Royalty in exchange for 0.2450 of a Gold Royalty common share, plus $0.0001 for Ely Gold shareholders who elected, or were deemed to have elected to receive the share alternative under the arrangement; and 0.099166 of a Gold Royalty share, plus $0.869053 for Ely Gold shareholders who elected to receive the cash alternative under the arrangement.

Cassels acted as counsel to the Special Committee of Ely Gold.

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