TORTOLA, British Virgin
Islands, April 5, 2021 /CNW/
- Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF)
(the "Company" or "Sailfish") announces that it has filed with
the TSX Venture Exchange (the "Exchange") a notice of its intention
to amend its previously announced Normal Course Issuer Bid (the
"Bid") to increase the number of common shares of the Company (the
"Shares") which the Company may repurchase for cancellation under
the bid from 2,963,322 to 3,782,322 Shares representing 5% of the
Company's 75,646,451 Shares issued and outstanding as of
October 2, 2020.
Other than the increase to the maximum number of Shares which
may be purchased by the Company pursuant to the Bid, no further
amendments have been made to the Bid, and the Bid is still set to
terminate on July 6, 2021. For
further details regarding the Bid, please refer to the Company's
prior news release dated October 6,
2020.
The Board of Directors of the Company continue to believe that
the recent market prices of the Shares do not properly reflect the
underlying value of such shares. As a result, depending upon future
price movements and other factors, the Board believes that the
purchase of the Shares would be an appropriate use of corporate
funds and in the best interests of the Company and its
shareholders. Furthermore, the purchases are expected to benefit
all persons who continue to hold Shares by increasing their equity
interest in the Company if the repurchased Shares are
cancelled.
About Sailfish
Sailfish is a precious metals royalty and streaming company.
Within Sailfish's portfolio are three main assets on advanced stage
projects in the Americas: a gold stream equivalent to a 3% NSR on
the San Albino gold project (~3.5 sq. km) and a 2% NSR on the rest
of the area (~134.5 sq. km) surrounding San Albino in northern
Nicaragua; an up to 2.75% NSR on
the Tocantinzinho gold project in the prolific Tapajos district of
northern Brazil; and an up to 3%
NSR on the multi-million ounce Spring
Valley gold project in Pershing
County, Nevada.
Sailfish is listed on the TSX Venture Exchange under the symbol
"FISH" and on the OTCQX under the symbol "SROYF". Please visit the
Company's website at www.sailfishroyalty.com for additional
information.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Sailfish Royalty Corp.