TORONTO, ONTARIO--(NEWSFILE CORP. - APRIL 20, 2023) - ROYALTIES INC. (CSE: RI) ("THE COMPANY") ANNOUNCES THE COMPLETION OF A NON-BROKERED PRIVATE PLACEMENT OFFERING ANNOUNCED ON APRIL 12, 2023 OF ROYALTIES INC. AT A PRICE OF 5 CENTS PER SHARE FOR 11,000,000 SHARES FOR PROCEEDS OF $550,000 FROM A DIRECTOR AND MUSIC ROYALTIES INC. THE FUNDS WERE PREVIOUSLY ADVANCED AS PART OF THE CSE LISTING APPLICATION FOR WORKING CAPITAL AND FOR AN ACQUISITION IN JANUARY 2023 OF A CASH FLOWING ROYALTY IN THE AMOUNT OF C$184,704 (US$137,900) WHICH GENERATED C$28,560 (US$21,323) IN THE PRIOR YEAR, PAID MONTHLY. THE ACQUISITION IS FOR 415 TRACKS, FOR A TERM OF "AUTHOR LIFE OF RIGHTS (70+ YEARS)".
ROYALTIES INC. ANNOUNCES COMPLETION OF $550,000 FINANCING AND ACQUISITION OF APPLE ALERT TONES SOUND RECORDING ROYALTIES