Sailfish Royalty Corp. Signs 20-Year Gold Purchase Agreement with Mako Mining Corp.

Sailfish Royalty Corp. (TSXV: FISH) has entered into a non-binding letter of intent with Mako Mining Corp. to purchase refined gold over a period of 20 years.

The deal, which is expected to increase Sailfish's leverage to the gold price, will see the company pay $5.76 per share for an aggregate of 70 million shares to be issued to Mako.

Sailfish plans to implement a gold price-linked dividend and declare a special dividend of $1 per share following the closing of the transaction.