Almadex Announces Completion of Sale of Royalty Interests

Almadex Minerals Ltd. (DEX) has completed the sale of a portfolio of net smelter return (NSR) royalty interests to Empress Royalty Corp. The total aggregate consideration for the transaction is US$2,500,000, structured as a mix of cash and equity.
The transaction value includes US$1,000,000 in cash paid to Almadex, along with 2,562,802 common shares of Empress Royalty Corp., which carry an agreed value of US$1,500,000. The Empress shares issued to Almadex are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws.
The royalty portfolio sold by Almadex includes 1.5% and 2.0% NSR interests on precious and base metal projects located in Canada (British Columbia, Yukon) and the United States (Nevada), as well as Mexico.