Green Shift Announces Sale of Berlin Royalty and Concurrent C$2 Million Non-Brokered Private Placement
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TORONTO, April 24, 2024 (GLOBE NEWSWIRE) — Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB:GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce multiple updates which strengthens its growing equity portfolio and bolsters its capital position. The Company has entered into a non-binding letter of intent (“LOI”) on April 23, 2024 with a third-party (“AcquireCo”) pursuant to which AcquireCo has agreed to acquire 100% of the 1% NSR royalty covering all production from the Berlin Project (the “Royalty”). AcquireCo is an arm’s length, privately-held royalty company designed to gain exposure to rising uranium prices by making strategic royalty acquisitions to grow its portfolio.
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