Royalty buy - back

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Galway Metals Announces Final Option Payment for Royalty Buy Back at Its Clarence Stream Property
Globenewswireยท 2025-07-12 02:44
Group 1 - Galway Metals Inc. intends to settle the final payment of $125,000 in cash and issue 974,026 common shares at a deemed price of $0.385 per share, totaling $375,000 [1][2] - The company previously agreed to buy back a 2% net smelter returns royalty for a total purchase price of $3,000,000, to be paid in six equal annual installments of $500,000 [2] - The first partial payment was settled in 2020 through the issuance of 434,783 shares at a deemed price of $1.15 per share [2] Group 2 - Galway Metals is focused on creating significant per share value through the exploration and sustainable development of its two 100%-owned projects in Canada [3] - The flagship project, Clarence Stream, is a major gold district in Atlantic Canada with a large, high-grade gold resource [3] - The Estrades project is a former high-grade gold and zinc-rich polymetallic VMS mine located in western Quebec [3]