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TORONTO, ONTARIO--(Marketwired - Nov. 24, 2014) - Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") is pleased to announce that it has contracted for a gross sales royalty from Switch Marketing and Communications Ltd. ("Switch Video") in exchange for an advance of $500,000 CAD, with an option, if agreed upon by both companies, to advance an additional $500,000 CAD. In exchange for this advance, Grenville will receive a royalty based on Switch Video's gross revenue within Grenville's average royalty rate of between 1% and 4%. |
