/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR
DISSEMINATION IN THE UNITED STATES/
HAYDEN, ID, June 27, 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 May 17th, 2013. Pursuant to the private placement, the Company issued 17,164,000
common shares at a price of $0.125 per common share for gross proceeds
to the Company of $2,145,500. Subsequent to the original announcement,
the Company amended the purchase price of the private placement from
$0.15 to $0.125 per common share.
A total of 12 investors purchased shares in the private placement,
including the following six insiders: William M. Sheriff, Paul H. Zink,
Thomas Skimming, Barry Rayment, Michael Maslowski and Janet
Lee-Sheriff. In addition, upon closing, Kudu Partners LP became an
insider of the Company due to its total shareholdings of 29,098,000
shares, representing 16.14% of the Company's outstanding shares.
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. focuses on acquiring precious metal
royalties and streaming assets which provide revenue as well as lower
risk exposure to shareholders through project diversity in stable,
mining-friendly jurisdictions. The Company's existing portfolio is
highlighted by Gross in-kind Royalties on Midway Gold's Pan and Gold
Rock projects, as well as 2 separate royalties encompassing more than
34 square miles at Barrick Gold's Bald Mountain project in Nevada.
The Company holds additional royalties including Net Smelter Return
Royalties on the Taylor Silver project and a portion of the Tonkin
Springs project also in Nevada. The Company's royalty holdings comprise
more than 100,000 acres located primarily in Nevada, with 7 of the
projects located in Wyoming, Oregon, California and Mexico. Current
royalty revenue is expected to accelerate as early as 2014 as several
of these projects commence production. Americas Bullion Royalty Corp.'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 title
with no buyback or buyout provisions. The Company continues to advance
or monetize other assets including its significant Yukon property
holdings, security holdings and the Taylor Mill in Nevada.
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.
SOURCE: Americas Bullion Royalty Corp.
For further information:
Americas Bullion Royalty Corp.
Janet Lee-Sheriff, Vice President Communications and First Nation Relations