Sprott buying at Ely Gold Royalties (ELY)

Sprott buying at Ely Gold Royalties (V:ELY)

Eric Sprott's 2176423 Ontario Ltd., a 10% Holder, acquired 9,375,000 Common Shares on a direct ownership basis at a price of $0.800 through a prospectus or prospectus exempt offering on May 21st, 2020. The insider also acquired 4,687,500 Warrants with an exercise price of $1.000 for three years. This represents a $7,500,000 investment into the company's shares and an account share holdings change of 34.6%.

Ely Gold Royalties is in the Gold Sub Industry Group under the Basic Materials Sector.

Ely Gold Royalties Inc, formerly Ely Gold & Minerals Inc, is a Canada-based royalty company. The Company's business model includes acquisition, consolidation, enhancement and resale of precious metals properties, while retaining royalty interests. The Company has built a portfolio of properties that produce recurring cash flow from mineral property options, advanced royalty payments and the potential to generate future operating royalty payments and dividends. The Company's properties, owned through a subsidiary Nevada Select Royalty, Inc (NSR), are located in the western United States, with a focus on projects in Nevada, including prolific gold trends, such as the Walker Lane district of western Nevada and the Cortez Trend. The Company's portfolio includes over 15 optioned properties, around 20 deeded royalties and over 12 properties available for sale or option.