TMAC completes transaction with Maverix

16 August 2019

08/16/2019
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TORONTO--(BUSINESS WIRE)-- TMAC Resources Inc. (TSX: TMR) (“TMAC” or the “Company”) announces today that it has closed its previously announced royalty amendment and private placement with Maverix Metals Inc. (“Maverix”) and received gross proceeds of US$43 million. The royalty amendment provides Maverix with an additional 1.5% NSR, and short term 0.25% NSR until the additional 1.5% royalty is registered against the property. The royalty amendment includes negotiated step down and buyback rights in favour of the Company. Please refer to TMAC’s news release that summarizes the Royalty Amendment, issued on August 14, 2019 titled “TMAC Enters into a Royalty Amendment with Maverix.”