Electric Royalties Insider Files Another Early Warning Report

CHARLOTTE, NC / ACCESSWIRE / June 21, 2024 / Stefan Gleason, the Acquiror, announced the filing of an early warning report regarding his acquisition of additional shares in Electric Royalties Ltd (TSXV:ELEC)(OTCQB:ELECF).

Gleason acquired 2,753,220 Electric Royalties shares through the conversion of interest on a loan amounting to C$578,176.37. This brings his total control or direction over the company to 28% of its issued and outstanding common shares.

Gleason expressed his satisfaction in acquiring shares in what he described as an undervalued battery metals royalty company. Notably, the company's overhead remains low, and its asset count has recently tripled to 72, including 40 royalties across nine targeted metals.

Prior to this acquisition, Gleason held 26.05% of the company's shares. Following the recent share acquisition on June 20, his control increased to 28.05% of the issued and outstanding shares.

Gleason had earlier filed a report under Canadian securities laws on May 30, which disclosed his holding at 26.05%. The latest report is in compliance with early warning provisions under Canadian legislation.