TORONTO, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Further to the release earlier today, Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the “Company”) provides additional commentary that the investment in Boardwalktech, Inc. (“Boardwalktech”) was made with similar financial terms to our other royalty agreements with monthly payments and a buyout provision. The transaction was led by SQN Venture Partners (“SQN”), and Grenville was a participant in the transaction following SQN as lead investor.
About Grenville
Based in Toronto, Grenville Strategic Royalty Corp. is a publicly-traded royalty company that makes investments in established businesses with revenues of up to $50 million dollars. Grenville generates revenues from royalty payments and buyouts from contracts. The non-dilutive royalty financing structure offered by Grenville competes directly with traditional equity to meet the long-term financing needs of companies on more attractive commercial terms.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Grenville Strategic Royalty Corp.:
Steven Parry
Chief Executive Officer
Tel: (416) 777-0383