Sailfish Royalty Corp. Declares First Quarter 2022 Dividend and Provides Share Buyback Update

Rhea-AI Summary

Sailfish Royalty Corp. (SROYF) announced a quarterly dividend of US$0.0125 per common share, payable on April 15, 2022. Shareholders of record as of March 31, 2022 will receive this payment. The company also disclosed that it has repurchased and canceled 1,948,700 common shares since July 13, 2021 as part of its Normal Course Issuer Bid, indicating a commitment to enhancing shareholder value. Sailfish operates primarily in the Americas, focusing on precious metals royalties, with significant assets in Nicaragua and Nevada.

Positive

• Declared quarterly dividend of US$0.0125 per share, promoting shareholder returns.
• Repurchased and canceled 1,948,700 shares since July 2021, indicating confidence in the company's valuation.

Negative

• None.

News Market Reaction – SROYF

-2.14%

-2.14% Session move

In the trading session that priced this news, SROYF declined 2.14%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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TORTOLA, British Virgin Islands, March 7, 2022 /PRNewswire/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that a quarterly dividend of US$0.0125 per common share will be payable on April 15, 2022 to Sailfish shareholders of record as of the close of business on March 31, 2022.  Sailfish is also pleased to report that the Company continues to purchase its common shares under the current Normal Course Issuer Bid and that 1,948,700 common shares have been purchased and cancelled since July 13, 2021.

About Sailfish

Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.

Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF." Please visit the Company's website at www.sailfishroyalty.com for additional information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary statement regarding forward–looking information

Certain disclosures in this release constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements regarding the Company's dividend policy and the Company's intention to pay a quarterly dividend and the continuance of purchasing shares under the current normal course issuer bid. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company's financial position will allow it to pay quarterly dividends in accordance with the dividend policy and to purchase common shares.  However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: that a quarterly dividend will not be payable in accordance with the dividend policy or at all and that no common shares will be purchased under the current normal course issuer bid. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

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SOURCE Sailfish Royalty Corp.

FAQ

What is the dividend amount declared by Sailfish Royalty Corp. for Q1 2022?

Sailfish Royalty Corp. declared a quarterly dividend of US$0.0125 per common share for Q1 2022.

When will the dividend be paid to shareholders of Sailfish Royalty Corp.?

The dividend will be payable on April 15, 2022, to shareholders of record as of March 31, 2022.

How many shares has Sailfish Royalty Corp. repurchased under its Normal Course Issuer Bid?

Sailfish Royalty Corp. has repurchased and canceled 1,948,700 common shares since July 13, 2021.

What are the primary assets of Sailfish Royalty Corp.?

Sailfish operates with a gold stream on the San Albino gold mine in Nicaragua and the Spring Valley gold project in Nevada.