TORONTO, ONTARIO--(Marketwired - Sept. 6, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Lemuria Royalties Corp. ("the Company" or "Lemuria") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") of equity securities for a total amount of US$4,150,000.
The Company, together with an initial private placement completed earlier in the year for a total amount of US$2,000,000, has raised US$6,150,000 in equity to date. As stated on a previous press release on June 27, 2016, a portion of the initial private placement (US$1,500,000) has been already allocated to the acquisition of the Caylloma Mine 2% NSR Royalty in Peru. With the additional Private Placement, the Company will continue to pursue selective investment opportunities in the royalty and streaming space.
David Morgan, Chairman & CEO of Lemuria commented, "We are extremely pleased with the strong support that we have received from our investors in completing this Private Placement. Once again, it demonstrates the interest in the royalty space and confidence in the Lemuria team. We look forward to growing our business."
About Lemuria Royalties Corp.
Lemuria, a private Canadian company, is focused on the acquisition of royalties and streaming agreements in the mining sector. The Company will focus initially on de-risked assets which are close or in production and is in the process of developing, through an acquisition strategy, a diversified portfolio of metal streams and royalties. In addition to David Morgan, Lemuria's founding members include: Abraham Drost, Chris Marchese, Johnny Mellgren and Carlos Vicens. For more information, please visit www.lemuriaroyalties.com.
This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada and which are based on the expectations, estimates and projections of management of the parties as of the date of this news release unless otherwise stated. Forward-looking statements are generally identifiable by use of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" or the negative of these words or other variations on these words or comparable terminology. More particularly, and without limitation, this news release contains forward-looking statements and information concerning expectations regarding the Caylloma royalty, the ability of Lemuria to continue raising capital and sourcing royalty and stream transactions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the uncertainties and risk factors set out in filings made from time to time with Canadian securities regulators and the United States Securities and Exchange Commission. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Lemuria disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Lemuria undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Lemuria, its financial or operating results or its securities.