Alamos Gold declares sale of non-core royalties

Alamos Gold “introduced that it has entered into an settlement to promote a portfolio of non-core royalties to Metalla Royalty & Streaming Ltd. for proceeds of $5.0 million in Metalla frequent shares. The portfolio being offered consists of three royalties and one silver stream, all of that are on property not owned by Alamos. This features a silver stream on the Esperanza venture in Morelos, Mexico which was offered in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage tasks positioned in Ontario, Canada. As consideration for the portfolio of royalties, Alamos might be receiving 939,355 Metalla frequent shares, valued at $5.0 million, or US$5.3228 per frequent share, primarily based on the 20-day quantity weighted common worth previous the settlement. Following completion of the transaction, Alamos will personal roughly 1.9% of Metalla’s issued and excellent frequent shares.”

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