Vancouver-based Gold Royalty has an-nounced it recently entered into a definitive credit agreement with the Bank of Montreal which will provide the company with a US$10 million secured revolving credit facility, and a potential further US$15 million to finance the company’s activities.
David Garofalo, the firm’s chairman, president and CEO, was quoted in a statement as saying that the latest deal “represents another im-portant milestone in the evolution of Gold Royalty into a leading mid-tier royalty and streaming company.”
“In less than one year, we have launched a successful IPO that raised over US$90 million, completed over US$500 million of mergers with three peer companies and proposed the acquisition of a fourth that would see our royalty portfolio grow to 200 royalties, with the majority of our assets located in the tier one jurisdictions of Nevada, Quebec and Australia,” he said.