Galway Metals Inc. (TSXV: GWM) has announced its intention to settle the final payment of $375,000 for the buyback of a 2% net smelter returns royalty on certain mineral claims in New Brunswick. The payment will consist of $125,000 in cash and the issuance of 974,026 common shares at a deemed price of $0.385 per share. The shares will be subject to a hold period of four months and one day. The completion of the issuance is subject to regulatory approval, including final approval from the TSXV.

Galway Metals is focused on creating per share value through the exploration and development of its projects in Canada. The company’s flagship project, Clarence Stream, hosts a high-grade gold resource in New Brunswick, while Estrades is a former-producing polymetallic VMS mine in Quebec. After a successful spinout from Galway Resources, the company aims to replicate its success with its Canadian projects. For more information, contact Robert Hinchcliffe at 1-800-771-0680 or visit the company’s website.

Read more at GlobeNewswire: Galway Metals Announces Final Option Payment for Royalty