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Strategic Partnership with Osisko Gold Royalties

Full news release on the partnership available here

Strategic Partnership Deal Terms

Osisko pays Regulus US$12.5 million (C$16.6 million) and receives certain rights described below:

  • There are existing royalties covering various claims at the AntaKori project currently held by private parties. If Regulus acquires any existing royalties on the AntaKori project from a third party, Osisko can acquire 50% of the royalty by paying 75% of Regulus’ purchase price.

 â€’ Regulus has acquired a 1.5% or 3% NSR (depending on location) on the Mina Volare claim of the AntaKori project for US$750,000 from a private vendor. As an initial transaction under the partnership, Osisko acquired half of the royalty and Regulus elected to retire the remaining half.

  • Right of first refusal on future streaming and royalty sales.

  • Should Regulus receive a royalty or stream as consideration for the sale of AntaKori, Osisko will have a right of first refusal if the Company later sells that royalty or stream.

  • Regulus issues 5.5 million warrants to Osisko.

Benefits to Regulus Shareholders

IMMEDIATE INJECTION OF CAPITAL

- US$12.5 million (C$16.6 million) paid to Regulus

- Company fully financed for Phase II drill program

REDUCTION IN OUTSTANDING ROYALTIES

 - Reduced royalty on Mina Volare claim of AntaKori project by 50%

 - Osisko will pay 75% of the cost towards future royalty acquisitions which would reduce royalties on additional claims of the AntaKori project by 50%

TECHNICAL ENDORSEMENT

 - Osisko known for their ability to identify and invest in high quality projects

 - Osisko shares our vision for the future development of the AntaKori project


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