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Ely bolsters royalty portfolio with series of Railroad-Pinion deals

Complex deal speaks to the depth of relationships in Nevada and strength of management

Henry Lazenby

Ely will pay US$2.51 million in cash for 11 of the 12 transactions and another $1.3 million in cash plus 300,000 Ely five-year warrants at $1.15 per share to complete the 12th transaction. In return,...

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