Diversified Royalty Corp. Announces Increase to Previously Announced Bought Deal Public Offering of Common Shares to $47 Million

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VANCOUVER, British Columbia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of investment dealers led by CIBC Capital Markets (collectively, the “Underwriters”) to increase the size of the previously announced bought deal treasury offering. Under the revised agreement, the Underwriters have agreed to purchase 17,670,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $47 million (the “Offering”).

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