Electric Royalties Ltd. Completes $1 Million Private Placement

Electric Royalties Ltd. has successfully closed a non-brokered private placement, raising nearly $1 million. The transaction involved the issuance of 7,142,855 common shares at $0.14 each. CEO Brendan Yurik expressed satisfaction with attracting new investors, noting confidence in the company's growth potential.

In the past year, Electric Royalties has focused on cost reduction and expanding its portfolio to 43 royalties, including significant projects in stable jurisdictions. The company's board members and partners hold over 60% of the shares, indicating strong alignment with shareholder interests.

Proceeds from the placement will support working capital and possible strategic transactions. The deal includes payments and warrants to finders, with a four-month holding period for issued securities under Canadian law.