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Ely Gold Royalties (ELYGF) to purchase a 1% net smelter returns royalty (Watershed Royalty) from Sanatana Resources (SADMF) for total of $3M, including $2.5M in cash and $0.5M of Ely Gold warrants.The Watershed Property surrounds the Coté Gold Project which is a joint venture between IAMGOLD and Sumitomo Metal Mining Company.Source: Press Release