ELECTRIC ROYALTIES CLOSES $3.45 MILLION MARKETED PUBLIC OFFERING
Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce the closing of its previously announced marketed public offering (the "Offering") pursuant to which the Company issued 11,500,000 units of the Company (the "Units") at a price of $0.30 per Unit (the “Offering Price”) for aggregate gross proceeds of $3,450,000, including 1,500,000 Units issued at the Offering Price for gross proceeds of $450,000 in connection with the full exercise of the over-allotment option granted to the Agents (as defined below) under the Offering. Each Unit is comprised of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant can be exercised for one Common Share at an exercise price of $0.45 per Warrant Share for a period of 36 months following the closing of the Offering, subject to adjustments in certain circumstances.