Stefan Gleason Increases Stake in Electric Royalties Following Portfolio Expansion

Charlotte, NC / ACCESSWIRE / May 30, 2024 / Stefan Gleason announced the acquisition of an additional 2,000,000 shares in Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF). This purchase brings Gleason's control to over 26% of the company's outstanding shares.

Electric Royalties has recently tripled its holdings to 72 assets, including 40 royalties. "This acquisition aligns with the positive developments in the company's key projects," stated Gleason. He highlighted significant assets like Battery Hill and Seymour Lake, reinforcing his belief that Electric Royalties shares are undervalued.

Gleason's acquisitions have employed the "Normal Course Purchase Exemption" and the "Private Agreement Exemption" under National Instrument 62-104. Gleason also provided Electric Royalties with a C$10 million credit facility, aiming to limit shareholder dilution.