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ELYGF - Gold Royalty To Acquire Ely Gold Royalties: An Act Of Convenience
Ely Gold Royalties Inc
Gold Royalty proposed acquiring all common shares of Ely Gold Royalties through a statutory plan of arrangement.
Former ELYGF shareholders will get 45% (with Sprott getting 12%), and GROY shareholders will get 55% (with GoldMining getting 26% down from the initial 49%).
I recommend buying ELYGF on any weakness below $1.