Grenville Announces Receipt for Final Prospectus

Toronto, Ontario, May 12, 2014 /Marketwired/ – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville”) today announced that it has received a receipt for its short form prospectus dated May 9, 2014 filed with the securities regulatory authorities in the applicable provinces of Canada with respect to the distribution of an aggregate of 20,000,000 common shares issuable pursuant to the exercise of an aggregate of 20,000,000 special warrants (the “Special Warrants”). The Special Warrants were issued on March 27, 2014 at a price of $0.50 per Special Warrant on a “bought deal” private placement basis with a syndicate of underwriters led by National Bank Financial Inc. In accordance with the indenture governing the Special Warrants, each Special Warrant entitles the holder thereof to receive one Common Share on the exercise or deemed exercise of the Special Warrant for no additional consideration. All unexercised Special Warrants will be deemed to have been exercised without the payment of additional consideration or further action on the part of the holder within three (3) business days following the date hereof.

Following the date of the deemed exercise of the Special Warrants, Grenville will have an aggregate of 59,269,856 common shares issued and outstanding.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Grenville

Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can bridge the financing needs of these companies until traditional debt or equity is available to them on more attractive commercial terms. The application of Grenville’s royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model – Capital Simplified – that has already attracted a considerable number of opportunities with attractive potential returns.

For more information, please contact:

Grenville Strategic Royalty Corp.:
William (Bill) R. Tharp
President and Chief Executive Officer
(416) 777-0383


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.