Gold Royalty shares are trading lower after the company announced that it entered into a binding agreement to acquire a copper stream on the Vares Silver Project. The company entered into an agreement with National Bank Financial and BMO Capital Markets for a $300 million bought deal financing.
Portfolio Pulse from Benzinga Newsdesk
Gold Royalty shares are trading lower after the company announced a binding agreement to acquire a copper stream on the Vares Silver Project. Additionally, the company has entered into a $300 million bought deal financing agreement with National Bank Financial and BMO Capital Markets.
May 28, 2024 | 11:43 am
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Gold Royalty shares are trading lower following the announcement of a copper stream acquisition on the Vares Silver Project and a $300 million bought deal financing agreement.
The announcement of a new acquisition and a significant financing deal typically leads to short-term stock price volatility. Investors may be concerned about the dilution of shares and the risks associated with the new acquisition.
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