11:13 AM EST - GoldMining Inc. : Announced today the creation of Gold Royalty Corp., a newly incorporated wholly owned subsidiary, that will hold 14 newly created net smelter return royalties on its extensive gold-focused asset portfolio in the Americas. GRC's royalty portfolio is expected to comprise of 0.5% to 2.0% NSR royalties on the Company's interest in 14 existing projects with the opportunity to expand the royalty portfolio through the Company's buy-back rights on existing NSR royalties ranging from 0.5% to 2% held by third-parties on up to 5 of the 14 projects. Garnet Dawson, CEO, commented: "GoldMining's focus remains on our two-pronged strategy of expanding our property portfolio through accretive transactions of resource stage gold projects and their advancement towards development. We believe Gold Royalty Corp. will be a complementary platform to GoldMining's future acquisition and development plans." GoldMining Inc.
shares T.GOLD are trading up 12 cents at $1.86.
