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New listing of Star Royalties, a precious metals focused royalty and streaming company

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To date, Star Royalties has been able to create a near-term development gold stream, the Copperstone Stream in Arizona, which is a material asset for Star Royalties.

Additional Information:

Company: Star Royalties Ltd.
Website: http://www.StarRoyalties.com
Stock Symbol: TSXV: STRR
Date Published: Feb 22, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Star Royalties Ltd. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “STRR”, following its oversubscribed initial public offering.

The company raised gross proceeds of $24 million from the placement of 34,286,000 units priced at $0.70 per unit.

Each unit consisted of 1 share and 1 warrant, with each warrant exercisable at $1.00 for 36 months.

Canaccord Genuity and Desjardins Capital Markets acted as co-lead underwriters for the IPO.

Star Royalties is a precious metals focused royalty and streaming company.

A royalty is a non-dilutable, free carried interest in a mining property.

In exchange for an initial payment, Star Royalties is given the right to receive a percentage of revenue, profit or value of the metal or mineral produced from a mining operation.

Royalties generally provide cash flow that is free of any operating or capital costs and environmental liabilities.

A smaller royalty in a project can effectively equate to the economic value of a larger percentage of profit.

With a streaming transaction, Star Royalties is given the right to purchase all or a predetermined percentage of future commodity production generated from a mining operation, at a predetermined below-market price.

Up-front advance payments are applied against future deliveries, typically together with additional ongoing fixed or floating payments as the commodities are delivered.

To date, Star Royalties has been able to create a near-term development gold stream, the Copperstone Stream in Arizona, which is a material asset for Star Royalties.

The company also holds a development-stage carbon sequestration offset royalty, the Lac Seul First Nation Forest Royalty in Canada, and two exploration-stage royalties in Mongolia, one a copper and silver and the other a lithium.

In addition, the company has also acquired an existing cash flowing titanium mineral sands royalty, the Keysbrook Royalty, in Australia.

The shares are trading at $0.55.

For more information, please visit the company’s website www.StarRoyalties.com, contact Alex Pernin, CEO, 647-360-4793 or by email at aPernin@StarRoyalties.com or Peter Bures, Chief Business Development Officer at 437-997-8088 or by email at pBures@StarRoyalties.com.

I’m Megan Edwards for Investmentpitch Media