. In conjunction with the investment, GRC has entered into a royalty referral arrangement with PRC, which will provide GRC with the opportunity to acquire certain royalties identified by PRC’s proprietary digitized royalty database.
David Garofalo, CEO, President and Chairman of GRC, stated: “We are pleased to be forming a strategic association with PRC and its founders Tim Young, Bill Rand, Zach Flood, Francis MacDonald and Kenorland.
Tim Young stated: “Identifying the right strategic partner to capitalize on our proprietary digitized royalty generator model was of critical importance to me and the PRC team.
Tim Young has over thirty years of mineral exploration experience and enjoys a successful career in prospecting, project generation, property and royalty consolidations, acquisitions, sales and options.
Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors.
Such factors, include, among other things, any ability of the parties to identify and complete suitable acquisition opportunities; any inability of the operators of the properties underlying Company’s royalty and other interests to execute proposed plans for such properties, risks related to such operators or the exploration, development and mining operations of the properties underlying Company’s royalty and other interests; impacts of macroeconomic developments as well as the impact of and the responses of relevant governments to the COVID-19 pandemic and the effectiveness of such responses; any inability of the Company to carry out its growth plans and other factors set forth in the Company’s publicly filed documents under its profiles at www.sedar.com and www.sec.gov.