SilverStream SEZC Announces Proposal to Acquire Mineral Royalties Online
GEORGE TOWN, Cayman Islands--(BUSINESS WIRE)--Mar 11, 2019--SilverStream SEZC (“SilverStream” or the “Company”) is pleased to announce that it has entered into a proposal to purchase Mineral Royalties Online (“MRO”) including its proprietary database of more than 7,000 global royalties, its existing royalty portfolio and the capabilities of its highly experienced executives. The transaction will bring together two highly experienced executive teams in royalty and streaming with worldwide business development exposure.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190311005915/en/
Kyle Floyd, Chief Executive Officer of SilverStream, commented:
“ The impending acquisition of MRO brings additional battery metal royalties, an expansion of SilverStream’s professional team and significant intellectual property in the form of a robust independent hard rock royalty database. MRO and its principal executives bring a wealth of royalty acquisition and investment experience along with strong technical backgrounds in mining, which is distinct and valuable in the royalty and streaming sector.The combination will yield wider transactional opportunities, many of which will be proprietary in nature.”
Riaan Esterhuizen, Principal and Co-Founder of Mineral Royalties Online, commented:
“MRO is excited about this transaction due to the calibre of the SilverStream team, its existing portfolio of royalties and the opportunity to create value as principal investors by leveraging 20 years of royalty intellectual property. This transaction will deliver accretive returns for the combined company’s shareholders through early access to high quality and proprietary deal flow. This proposed combination of complementary teams and intellectual property will unlock a fulsome and unique acquisition pipeline.”
The transaction is conditional upon completion of customary conditions and due diligence.
SilverStream is a privately-held streaming and royalty business with interests across Australia, Canada, the U.S., Mexico, Peru, Brazil and Madagascar. The Company’s interests include a diversified portfolio of royalties and streams over precious, base and battery metals projects.
Mineral Royalties Online is a specialist royalty advisory firm with extensive experience in royalty due diligence, sale processes and principal investment. The MRO team have collectively been involved in >$1 billion of royalty transactions across hundreds of royalty agreements over the past 20 years and have historically held senior exploration and commercial roles at BHP Billiton, Rio Tinto, Randgold, Gold Fields and UBS Investment Bank. MRO also holds various royalty interests including a royalty on a near term battery metal producer, which will be acquired as part of the transaction.
This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190311005915/en/
CONTACT: Simon Cooper
Vice President, Corporate Development
+1 345 926 4209
Chief Executive Officer
+1 345 815 3940
KEYWORD: CARIBBEAN CAYMAN ISLANDS
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS
SOURCE: SilverStream SEZC
Copyright Business Wire 2019.
PUB: 03/11/2019 07:16 PM/DISC: 03/11/2019 07:16 PM