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09:58 AM EST - SolGold : Has completed the previously announced US$50-million royalty financing pursuant to the Royalty Financing Agreement ("Royalty Financing") with Osisko Gold Royalties Ltd., in relation to the Company's Cascabel copper-gold project in northern Ecuador.
Osisko has been granted a 0.6% royalty interest to be calculated by reference to net smelter returns from the Cascabel concession area in accordance with the terms and conditions set out in the Royalty Financing Agreement. SolGold shares T.SOLG are trading up $0.01 at $0.31.