Electric Royalties (CVE: ELRC) CEO Brendan Yurik joined Steve Darling from Proactive to share news the company has restructured the acquisition of the Globex portfolio of royalties and has revised the associated non-binding letter of intent with Sprott Resource Streaming and Royalty Corp.
Yurik telling Proactive, the revised terms consist of 13.75 million cash, of which the Company has already paid 250,000 as an initial down payment. It also includes 9.0 million common shares of Electric Royalties along with 5.5 million in warrants.