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ELECTRIC ROYALTIES ANNOUNCES PRIVATE PLACEMENT OF UP TO $10 MILLION

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) announces that it plans to complete a private placement of up to 25,000,000 units ("Units") of the Company at a price of $0.40 per Unit (the "Issue Price") for proceeds of up to $10 million (the "Offering").

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