ELY GOLD ROYALTIES LAUNCHES $1.43M PLACEMENT

(ELY.V) Dec. 6, 2018 – Ely Gold Royalties Inc. will undertake a non-brokered private placement offering consisting of up to 13 million units at a price of $0.11 per Unit for gross proceeds of up to $1.43 million.

Each unit will be comprised of one common share and one non-transferable share-purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of five years at an exercise price of $0.22. The exercise period for the warrants may be accelerated by the company to 30 days if, at any time commencing four months and one day after the closing of the offering, the volume weighted average trading price of Ely Gold’s common shares on the TSX Venture Exchange exceeds $0.60 over a period of 20 consecutive trading days.

Clients and affiliates of the Sprott Group are expected to participate in the offering.
Finder’s fees may be payable in accordance with the policies of the Exchange. All securities issued and issuable in connection with this offering are subject to a four-month hold period in Canada from the closing date. The offering is subject to TSX Venture Exchange acceptance. The net proceeds from the offering will be used for project-generative activities and for general corporate expenses.
Ely Gold Royalties is a Vancouver-based emerging royalty company with development assets focused in Nevada, the western U.S. and Canada. Its current portfolio includes 27 deeded royalties and 24 properties optioned to third parties. All 51 of these properties are being explored by third parties. Ely Gold’s royalty portfolio includes producing royalties, royalties on fully permitted mines, mines under construction and development projects that are being permitted for mine construction. The company is actively purchasing existing third-party royalties for its portfolio and all the company’s option properties will produce royalties, if exercised. The royalty and option portfolios are currently generating significant revenue. Ely Gold is well positioned with its current portfolio of over 26 available properties to generate additional operating revenue through option and sale transactions.
Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

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