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| Home : Grenville Completes Investment in Medallion Holding Company, LLC |
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Aug 28
2015 |
Grenville Completes Investment in Medallion Holding Company, LLC |
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TORONTO, ONTARIO--(Marketwired - Aug. 27, 2015) - Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") is pleased to announce that it has contracted for a gross sales royalty from Medallion Holding Company, LLC ("Medallion") in exchange for an advance of $2,000,000 USD with an option, if agreed upon by both companies, to advance an additional $1,000,000 USD at a later date. In exchange for this advance, Grenville will receive a royalty based on Medallion's gross revenue within Grenville's average royalty rate of between 1% and 4%. |
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| Source:http://www.marketwired.com/mw/release.do?id=2050989&sourceType=3 |
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