Freehold Royalties Announces Closing of Strategic Midland Basin Acquisition, Credit Facility Increase and Declares Dividend for December 2024

CALGARY, Alberta, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) is pleased to announce that it has closed its previously announced transaction to acquire mineral title and royalty interests in the core of the Midland Basin in Texas (the Acquisition or the Acquired Assets) for approximately $259 million, net of estimates for exchange rate, expenses and customary closing adjustments.

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