Movers and SHAKERS
Ely Gold Royalties (ELYGF)(ELY:CA)
Proposed Business Combination Receives Favorable Market Reaction
As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Town Hall meetings. Gold Royalty Corp. (NYSE American, GROY) and Ely Gold Royalties will jointly host a town hall meeting on June 29 to discuss the companies' planned combination. Investors may register here. On June 21, Ely announced an agreement to be acquired by Gold Royalty Corp. Since the transaction was announced on June 21, Gold Royalty Corp. and Ely Gold Royalties (OTCQX, ELYGF) shares are up 21.9% and 40.0%, respectively, based on June 18 closing prices.
Key shareholder votes and dates. Closing is contingent on approval by at least 66 2/3% of the votes cast by Ely shareholders, and approval by a simple majority excluding votes from certain management shareholders. Key dates include the: 1) record date for voting at a special Ely Gold shareholder meeting is July 14, 2) deadline to make an election to receive either Gold Royalty Corp. shares or cash ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.