Diversified Royalty Corp. Announces Closing of $54.0 Million Bought Deal Public Offering of Common Shares

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VANCOUVER, British Columbia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV; and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has closed its previously announced bought deal public offering of 20,320,500 common shares from treasury of the Corporation, including 2,650,500 common shares issued pursuant to the full exercise of the over-allotment option, at a price of $2.66 per common share (the “Offering Price”) for total gross proceeds of approximately $54.0 million (the “Offering”). The Offering is fully described in the Corporation’s prospectus supplement dated February 16, 2024 (the “Prospectus Supplement”) to the Corporation's short form base shelf prospectus dated June 19, 2023, copies of each of which are available under DIV’s profile on SEDAR+ at www.sedarplus.ca.

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