/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
HAYDEN, ID, March 26, 2013 /CNW/ - Americas Bullion Royalty Corp. (TSX: AMB) (the "Company") is pleased to announce that it has closed the
non-brokered private placement announced on March 15, 2013. Pursuant
to the private placement, the Company issued 10,000,000 common shares
at a price of $0.24 per common share for gross proceeds to the Company
A total of 31 investors purchased shares in the private placement,
including the following six insiders: William M. Sheriff, Paul H.
Zink, Thomas Skimming, Barry Rayment, Timothy Leybold and Janet
Lee-Sheriff. In connection with the private placement, the Company paid
cash finders' fees of $59,040.
The Company intends to use the proceeds from the sale of the shares for
general working capital purposes.
Americas Bullion Royalty Corp.
Americas Bullion Royalty Corp. is a precious metals royalty and
streaming company designed to provide revenue as well as lower risk
exposure to shareholders through project diversity in stable,
mining-friendly jurisdictions. The Company's existing 34 property
portfolio, comprising more than 100,000 acres predominantly in Nevada,
is highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold
Rock deposits, as well as 2 separate projects encompassing more than 34
square miles at Barrick Gold's Bald Mountain project in Nevada.
The Company's royalty portfolio includes several royalty projects that
have disclosed an intention to commence production, some as early as
2014, which would provide the Company with significant additional
royalty revenues. The Company's prime royalty portfolio is unique in
the mineral royalty industry due to its ability to receive the majority
of projected revenues in-kind (gold bullion as opposed to cash), its concentration of gross royalties
with no exposure to operator cost, as well as its security of future
revenues with no buyback or buyout provisions.
No stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. This
press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance. There are
numerous risks and uncertainties that could cause actual results and
Americas Bullion's plans and objectives to differ materially from those
expressed in the forward-looking information. Actual results and future
events could differ materially from those anticipated in such
information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the
dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, Americas Bullion assumes no
obligation to update forward-looking information should circumstances
or management's estimates or opinions change.
This news release does not constitute an offer to sell or a solicitation
of an offer to sell any of the securities in the United States. The
securities referred to herein have not been and will not be registered
under the United States Securities Act of 1933, as amended or any state
securities laws and may not be offered or sold within the United States
or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration
SOURCE: Americas Bullion Royalty Corp.
For further information:
Americas Bullion Royalty Corp.
Scott Powell, Director of Investor Relations
Janet Lee-Sheriff, Vice President Communications and First Nation Relations