Royal Gold Completes Acquisition Of Great Bear Royalties

DENVER, CO - Royal Gold, Inc. reported that its wholly owned subsidiaries, International Royalty Corporation (IRC) and 1370553 B.C. Ltd (Newco), have completed the plan of arrangement to acquire all of the issued and outstanding shares of Great Bear Royalties Corp. (GBR).

“I am pleased to announce the closing of this friendly transaction with Great Bear Royalties Corp.,” commented Bill Heissenbuttel, President and CEO of Royal Gold. “The acquisition provides Royal Gold exposure to Canada’s newest major gold discovery, the Great Bear Project, and furthers our strategic objective of acquiring quality, long lived assets with excellent operators in favorable jurisdictions.”