Sandbox Royalties Announces US$100 Million of Fully Funded Acquisitions
Retrieved on:
Tuesday, October 31, 2023
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Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Sandbox Royalties Corp. ("Sandbox Royalties", "Sandbox", or the "Company") today announces that it has entered into definitive agreements to acquire three royalty and streaming assets on high-quality, in-construction mining projects for total consideration of US$100 million.
Key Points:
- Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Sandbox Royalties Corp. ("Sandbox Royalties", "Sandbox", or the "Company") today announces that it has entered into definitive agreements to acquire three royalty and streaming assets on high-quality, in-construction mining projects for total consideration of US$100 million.
- Regal has also subscribed for approximately 34.6 million common shares of Sandbox at a price of C$0.70/common share for total proceeds of US$17.5 million.
- On October 31, 2023, Sandbox entered into a 5-year, C$22.2 million (US$16 million) secured convertible loan agreement ("CLA") with Beedie Capital.
- Beedie Capital has also subscribed for approximately 7.9 million common shares of Sandbox at a price of C$0.70/common share for total proceeds of US$4 million.