AcquisitionsMay 26, 2026, 06:08 AM
Elemental to Acquire Vizsla Royalties for C$327M (US$239M) or C$4.13/Share
AI Summary
Elemental Royalty Corp. has entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of Vizsla Royalties Corp. for approximately C$327 million (US$239 million), or C$4.13 per share. Vizsla Royalties shareholders will have the option to elect cash, Elemental shares, or a combination, with a maximum total cash consideration of C$82 million. The transaction, supported by key Vizsla Royalties shareholders, is subject to various approvals and is expected to close in the third quarter of 2026.
Key Highlights
- Elemental Royalty Corp. to acquire Vizsla Royalties Corp. for approximately C$327 million (US$239 million).
- The acquisition price is C$4.13 per Vizsla Royalties Share on a fully diluted basis.
- Vizsla Royalties shareholders can elect to receive 0.15 Elemental shares, C$4.13 cash, or a combination.
- Total cash consideration is capped at approximately C$82 million, subject to proration.
- Vizsla Royalties' officers, directors, and certain shareholders, holding 23% of shares, support the transaction.
- The transaction is expected to close in the third quarter of 2026.
- A termination fee of approximately C$12 million is payable under certain circumstances.
Price Impact
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