BULLETIN V2025-0316
HAYASA METALS INC. ("HAY")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: January 30, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length disposition of a 1.25% net smelter return royalty ("NSR") on all minerals produced from the Company's Urasar gold-copper project located in northern Armenia (the "Royalty Asset") pursuant to a purchase agreement dated January 3, 2025 (the "Agreement") between the Company, Franco-Nevada Corporation ("Franco-Nevada") and EMX Royalty Corporation ("EMX" and Franco-Nevada, each a "Purchaser").
Pursuant to the terms of the Agreement, the Company sold a 0.625% NSR on the Royalty Asset to
each of the Purchasers and issued 250,000 share purchase warrants to each of the Purchasers in exchange for U.S.$550,000 from Franco-Nevada and U.S.$450,000 from EMX. Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.22 per Common Share for an eighteen-month period.
For further details, please refer to the Company's news releases dated January 7, 2025 and January 22, 2025.
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