RZZ Abitibi Royalties Inc

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi" or the "Company") announces
that it has closed a non-brokered private placement offering (previously
announced July 8, 2014) pursuant to which it has issued 800,000 shares at a per
share price of $2.50 for gross proceeds of $2,000,000.


Rob McEwen, the sole subscriber under the offering, now holds 951,515 common
shares of Abitibi or approximately 9.28% of the Company's issued and outstanding
common shares. The common shares issued under this offering are subject to a
hold period until November 18, 2014.


The proceeds raised from this offering will be used by Abitibi for general
corporate purposes.


About Abitibi Royalties Inc.

Abitibi Royalties holds 100% title to the Luc Bourdon and Bourdon West Prospects
in Ontario and a 30% free-carried interest as well as other rights on the
Malartic CHL Property near Val-d'Or, Quebec. In addition, the Company holds a 2%
net smelter royalty interest in one additional claim held by Canadian Malartic
GP, and may acquire and generate other property and royalty interests.


Forward-Looking Statements:

This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or realities may differ materially from those in
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements
are made. Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.


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


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Glenn J. Mullan
Chief Executive Officer
2864 chemin Sullivan
Val-d'Or, Quebec J9P 0B9
Tel.: 819-824-2808, x1222
Email: glenn.mullan@goldenvalleymines.com

Abitibi Royalties (TSXV:RZZ)
Historical Stock Chart
From Apr 2024 to May 2024

Abitibi Royalties (TSXV:RZZ)
Historical Stock Chart
From May 2023 to May 2024