TORONTO, Ontario – February 23, 2016 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville”) is pleased to announce that approximately 97% of the common share purchase warrants issued in connection with the completion of Grenville’s reverse takeover transaction in February 2014 were exercised prior to the expiry of the warrants. As a result of these exercises, Grenville issued 9,394,741 common shares at a price of $0.42 per share, for total gross proceeds of $3,945,791.
About Grenville
Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments and buyouts from contracts. The non-dilutive royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms. To date, Grenville has announced cash inflows of $23.4 million from $58 million invested in the period since its inception.
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.
