TORONTO, ONTARIO–(Newsfile Corp. – April 20, 2023)- Royalties Co., Ltd. (CSE: RI) (” company“) announces the completion of Royalties Inc.’s unbrokered private placement offering for 11,000,000 shares at a price of 5 cents per share, announced on April 12, 2023. CSE As part of its listing application, it generated $28,560 CAD ($21,323) in the prior year to acquire working capital and cash flow royalties in January 2023. The acquisition was made at 415 Trucks. , “Copyright Duration (Over 70 Years)” period. Royalties for “New Message” alert tones accrue from consumer downloaded purchases in the Apple iTunes ringtone store on the iPhone. Alert tones are short messages. base ringtones.
The offering is subject to certain Canadian prospectus exemptions, including, where applicable, an “existing security holder” exemption and an “investment dealer advised purchaser” exemption. Both the “Existing Security Holder” and “Investment Dealer Advised Purchaser” exemptions are collectively referred to as the “Existing Security Holder and Individual Investor Exemption”. Among the existing shareholders of the Company who hold the common stock of the Company as of April 11, 2023, continue to hold the common stock of the Company, and wish to subscribe for the common stock through the Offering, the “existing security holders” Waivers must be contacted by us according to the contact information provided. Closing of the offering has been approved by his CSE and all securities issued in connection with the offering are subject to a hold period of four months from the date of issuance of such securities. We confirm that there are no material facts or material changes relating to us that have not been disclosed to the public.
About Royalties
Royalties Inc. is a Canada-based company that obtains passive music royalties from rights holders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 25 Invests in Music Royalties Inc. (“MRI”), a privately held company. Cash flow music royalties. MRI currently pays a monthly dividend that yields an annual yield of 6%.
Royalties Inc. has acquired a 100% stake in the Silver-Lead-Zinc-Copper project of the Bilbao Project in southeastern Zacatecas, subject to a 1.5% pure smelter royalty purchased back in July 2019. owns an interest.
Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, SA de CV (“Minera Portree”) and has 2 for 6 mining rights adjacent to the Cozamin mine operated by Capstone. Claims net smelter royalties of 10%. Capstone disputes Mining Corp.’s claims.
Please contact Royalties Inc. for more information. www.royaltiesinc.com
Tim Gallagher
Representative Director and President
(416) 925-0090
Neither CSE nor its regulatory service providers are responsible for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information is “may,” “will,” “expect,” “likely,” “should,” “will,” and “plan.” , “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe,” or negative forms of these terms or other similar words, expressions, and By their grammatical variations, or statements that a particular event or condition “could” or “could” occur, or by discussion of strategy. Forward-looking information contained in this press release includes, but is not limited to: the anticipated focus of our business after the business change is completed; potential future dividends in connection with the acquisition;
Where we express or imply expectations or beliefs regarding future events or results, such expectations or beliefs are based on assumptions made in good faith and are believed to have a reasonable basis. Such assumptions include, but are not limited to, that all necessary approvals will be given for any business changes we propose. future value and future dividend paying capacity associated with MRI stock; Sufficient capital is available to us;
However, because forward-looking statements are subject to risks, uncertainties and other factors, actual results may not be future results expressed, projected or implied by such forward-looking statements. may differ significantly from Such risks include the inability to obtain, or not be able to obtain, sufficient capital and financing on reasonable terms to accomplish our business plans and strategies after the proposed business changes. but not limited to: our inability to pay dividends in the future;Other risks associated with us disclosed in our Continuous Disclosure Documents submitted to our SEDAR profile www.sedar.com.
Therefore, undue reliance should not be placed on forward-looking statements. In addition, any forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained herein are made as of the date hereof and are based on management’s beliefs, estimates, expectations and opinions as of the date hereof. The Company undertakes no obligation to publicly update or revise such forward-looking statements or forward-looking statements contained in other documents, as a result of new information, future events or otherwise, or any subsequent actual We are not obliged to explain material differences from the results. information regarding events and such forward-looking statements, except as required by applicable securities laws; Readers are cautioned to carefully consider these and other factors, uncertainties and potential events and not to place undue reliance on forward-looking information.
