VANCOUVER, BC, May 3, 2024
/CNW/ - Nations Royalty Corp. ("Nations" or the
"Company") is pleased to announce that, in connection with
the Transaction (as defined in the Company's press releases dated
February 1, 2024, and April 11, 2024), it has completed its continuance
from the Business Corporations Act (British Columbia) to the Canada Business
Corporations Act (the "Continuance"), and has changed
its name from 'Vega Mining Inc.' to 'Nations Royalty Corp.' "),
effective May 3, 2024.
The Continuance was approved at the annual and special meeting
of shareholders held on December 4,
2023. The principal effects of the Continuance are detailed
in the management proxy circular dated October 30, 2023, a copy of which is available
under the Company's profile on SEDAR+ (www.sedarplus.ca).
About Nations Royalty
Nations Royalty's foundation begins with the Royalties that the
Nisga'a Nation has in place in respect of the following properties
in Canada:
- The high-grade Brucejack gold mine operated by Pretium
Resources Inc., a wholly-owned indirect subsidiary of Newmont
Corporation, a large underground gold mine;
- The KSM Copper-Gold-Silver-Molybdenum deposit, currently
in development by Seabridge Gold Inc.;
- The Premier Gold Project, in construction by Ascot Resources
Ltd. with gold production expected in the coming months, and the
Red Mountain Gold Deposit (as disclosed by Ascot Resources Ltd. in
a news release dated August 14,
2023); and
- The Kitsault Molybdenum Deposit, a large, fully permitted
brownfield site owned and being actively advanced by New Moly LLC,
majority-owned by Resource Capital Fund VI L.P.
On behalf of the Board of Directors of Nations Royalty
Corp.
"Robert McLeod"
Interim CEO
Cautionary Statement Regarding Forward-Looking
Information
This news release may contain certain "Forward-Looking
Statements" within the meaning of applicable securities laws. When
or if used in this news release, the words "anticipate", "believe",
"estimate", "expect", "target, "plan", "forecast", "may",
"schedule" and similar words or expressions identify
forward-looking statements or information. These
forward-looking statements or information may relate to the
intended use of proceeds from the Offering and other factors or
information. Such statements represent the Company's current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules and
regulations.
SOURCE Nations Royalty Corp.