SIDEX and Fonds de solidarité FTQ Increase Combined Ownership in Abitibi Royalties
VAL-D'OR, QUÉBEC -- MARCH 30, 2015
Abitibi Royalties Inc. (RZZ-TSX-V: “Abitibi Royalties” or the “Company”) is pleased to announce that SIDEX, Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue and the Fonds de solidarité FTQ have purchased an additional 336,900 common shares of Abitibi Royalties and now collectively own approximately 495,700 common shares or 4.6% of the Company.
“We would like to thank SIDEX, Fonds régionaux de solidarité FTQ Abitibi-Témiscamingue and the Fonds de solidarité FTQ for their continued support and confidence in the Company as Abitibi Royalties continues to grow its royalty business. We believe this is an important relationship that will benefit our shareholders as Abitibi Royalties looks to achieve its objective of becoming the ‘best gold company’ measured by share performance,” stated Ian Ball, President.
About Abitibi Royalties Inc.
Abitibi Royalties holds a 3% NSR on the North Odyssey discovery, Jeffrey Zone and the eastern portion of the Barnat Extension and a 2% NSR on portions of the Gouldie and Charlie zones all at the Canadian Malartic mine near Val-d’Or, Québec. In addition, the Company holds 100% title to the Luc Bourdon and Bourdon West Prospects in the McFaulds Lake (“Ring of Fire”) area, Ontario. The Company owns 3,549,695 shares of Yamana Gold Inc. and 459,197 shares of Agnico Eagle Mines Limited.
Golden Valley Mines and Rob McEwen hold approximately 54.6% and 8.8% interest in Abitibi Royalties, respectively.
Forward Looking Statements:
This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Abitibi Royalties Inc.
Glenn J. Mullan
819-824-2808, x 204
Ian J. Ball
1 King West St. Suite 4202
Toronto, Ontario M5H 1A1