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Highlights
Royalties Inc. (CSE: RI) (OTC Pink: ROYIF) is a Canada-based resource and royalty investment company. It owns 100% of the Bilbao silver-zinc-lead project located in Zacatecas, Mexico, subject to a 1.5% net smelter royalty (NSR), which the company also owns as a separate asset.
The company has entered into an acquisition agreement to purchase additional shares in Toronto-based Music Royalties Inc. (MRI), expanding its position in the private music royalties’ firm. The transaction involves the acquisition of 1 million common shares of MRI at CAD 0.50 per share, amounting to a total value of CAD 500,000.
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