“I would like to take this opportunity to thank all Ely Gold Shareholders for their unwavering support over the past 10 years.
Pursuant to the Arrangement, GRC will acquire all of the issued and outstanding Ely Gold Shares.
The Arrangement is currently expected to be completed on or about August 23, 2021, provided that all of the conditions to the Arrangement are satisfied or waived.
The Ely Gold Shares are expected to be delisted from the TSX Venture Exchange on the date of closing of the Arrangement.
Ely Gold Shareholders that own their Ely Gold Shares through a broker or other intermediary should contact such broker or other intermediary regarding their receipt of GRC Common Shares under the Arrangement.
Management believes that due to Ely Gold’s ability to locate and purchase third-party royalties, its strategy of organically creating royalties and its gold focus, Ely Gold offers shareholders a favorable leverage to gold prices and low-cost access to long-term gold royalties in safe mining jurisdictions.
Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors.
Important factors that could cause actual results to differ materially from Ely Gold’s or GRC’s expectations are in the documents are detailed in Ely Gold’s Management Information Circular dated July 20, 2021 regarding the Arrangement, which is available under Ely Gold’s issuer profile at www.sedar.com.