BULLETIN V2026-1827
SUMMIT ROYALTIES LTD. ("SUM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 27, 2026
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition by Summit Royalties Ltd. (the "Company") of 1.0% net smelter return royalty interest (the "NSR") on the Saddle North deposit located in British Columbia (the "Project"), pursuant to a royalty purchase agreement (the "Agreement") between the Company and arms-length parties (the "Vendors"). The Project is owned and operated by Newmont Corporation ("Newmont").
As consideration for the acquisition of the NSR, the Company will issue 2,832,861 shares to the Vendors at a deemed price of $1.765 per share.
Further, the NSR is subject to a buy-back right in favour of Newmont, permitting them to purchase half of the NSR (0.5%) for $750,000 during the 5-year period commencing from the date the Project is put into commercial production.
CASH ($) SECURITIES WORK EXPENDITURES ($)
CONSIDERATION N/A 2,832,861 Common Shares N/A
For further details, please refer to the Company's news release dated March 12, 2026.
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