PR Royalties Inc. $550,000 Financing & Acquisition
Royalties Inc. Announces Completion of $550,000 Financing and
Acquisition of Apple Alert T ones Sound Recording Royalties
TORONTO, CANADA (April 20, 2023) – Royalties Inc. (CSE ‘RI”), (“the Company”) announces
the completion of a non-brokered private placement offering announced on April 12, 2023 of Royalties
Inc. at a price of 5 cents per share for 11,000,000 shares for proceeds of $550,000 from a Director and
Music Royalties Inc. The funds were previously advanced as part of the CSE listing application for
working capital and for an acquisition in January 2023 of a cash flowing royalty in the amount of C$184,704
(US$137,900) which generated C$28,560 (US$21,323) in the prior year, paid monthly. The acquisition is for 415
tracks, for a term of “Author Life of Rights (70+ years)”. “New Message” Alert Tone royalties are generated from
the purchase by consumers of downloads on the Apple iTunes ringtone store on iPhones. Alert Tones are short
message-based ringtones.
The Offering is being made pursuant to certain Canadian prospectus exemptions, including the "existing
securityholder" exemption and "purchasers advised by investment dealers" exemption, where applicable. Both the
"existing securityholder" and "purchasers advised by investment dealers" exemptions are collectively referred to
as the "Existing Security holder and Retail Investor Exemptions". Existing shareholders of the Company who wish
to subscribe for common shares pursuant to the Offering, who held common shares of the Company as of April
11, 2023 and who continue to hold common shares of the Company, and who are permitted to subscribe under the
"existing securityholder" exemption should contact the Company pursuant to the contact information set forth.
Closing of the Offering has been approved by the CSE and all securities issued in connection with the Offering
are subject to a four month hold period from the date of issuance of such securities. The Company confirms that
there is no material fact or material change related to the Company which has not been generally disclosed.
About Royalties Inc.
Royalties Inc. has a stake in Music Royalties Inc. (“ MRI”), a Canadian-based private company that acquires
passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and
currently holds a portfolio of approximately 25 cash-flowing music royalties. MRI is currently paying a monthly
dividend generating a 6% annual yield.
Royalties Inc. owns a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao
project silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas.
Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V (“Minera Portree”)
which holds an asserted claim to a 2% net smelter royalty on six mining concessions located adjacent to the
Cozamin Mine operated by Capstone Mining Corp., which claim is challenged by Capstone.
For further information contact Royalties Inc. at www.royaltiesinc.com
Tim Gallagher
CEO & Director
(416) 925‐0090
Neither the CSE, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
press release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein
that are not clearly historical in nature may constitute forward -looking information. In some cases, forward -looking information can be
identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”,
“proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof,
or statements that certain events or conditions “may” or “will” happen, o r by discussions of strategy. Forward -looking information
contained in this press releases includes, but is not limited to, the following: the Company’s proposed change of business; t he anticipated
focus of the Company’s business after the change of business is completed; and the future dividend potential relating to the Acquisition.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on
assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, tha t all necessary
approvals will be granted for the Company’s proposed change of business; the future value relating to the MRI Shares and the ability to
pay dividends in the future; and that sufficient capital will be available to the Company.
However, forw ard-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ
materially from future results expressed, projected or implied by such forward -looking statements. Such risks include, but are not lim ited
to sufficient capital and financing required in order to fulfill the Company’s business plans and strategy following the proposed change of
business cannot be obtained on reasonable terms, or at all; that the Company will not be able to pay dividends in the future; and other risks
related to the Company as disclosed in the Company’s continuous disclosure documents filed on the Company’s SEDAR profile at
www.sedar.com.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press
release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as
at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not
undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in
any other documents whether as a result of new information, future events or otherwise or to explain any material difference between
subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned
to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward -looking
information.