Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a binding letter agreement (the “Transaction”) with a private individual (“the Seller”) whereby Ely Gold, through its wholly-owned subsidiary Nevada Select Royalty, Inc. (“Nevada Select”), a Nevada corporation, will acquire 100% of all rights and interests to an additional one percent (1.00%) net smelter returns royalty (“NSR”) on the Lincoln Hill Property, located in Pershing County, Nevada (the “Lincoln Hill Royalty”), operated by Coeur Mining Inc. (“Coeur”) (NYSE: CDE). Closing of the Transaction is subject to certain conditions precedent, including approval of the Transaction by the TSX-Venture Exchange (the “Closing”). Closing is expected on or about September 1, 2020.
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Ely Gold Royalties Increases Royalty at Lincoln Hill
