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Royal Gold completed the acquisition of Great Bear Royalties for $152m.

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Service Providers

Cormark Securities

financial advisors

Cormark Securities

GenCap Mining Advisory

financial advisors

GenCap Mining Advisory

Blake Cassels & Graydon

legal advisors

Blake Cassels & Graydon

Fort Capital Partners

financial advisors

Fort Capital Partners

McCarthy Tetrault

legal advisors

McCarthy Tetrault

or

Principals

GREAT BEAR ROYALTIES CORPORATION

target

GREAT BEAR ROYALTIES CORPORATION

ROYAL GOLD INC

bidder

ROYAL GOLD INC

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