Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) has announced the distribution of 50,505,051 common shares of LunR Royalties Corp. to its shareholders as of the record date of June 4, 2026. The distribution was executed as a dividend in kind, as per the Distribution Agreement dated April 2, 2026.
Details of the Distribution
The Consideration Shares were initially acquired on May 28, 2026, under the previously announced Silver Purchase Agreement with LunR. Concurrently, Lundin Gold and LunR entered into the Distribution Agreement, which mandated the distribution of these shares to Lundin Gold shareholders.
Prior to the distribution, Lundin Gold held 50,505,051 common shares of LunR, representing approximately 41.78% of LunR's issued and outstanding common shares on a non-diluted basis. Following the distribution, Lundin Gold no longer holds any common shares of LunR and is not considered a control person under applicable securities laws.
Implications for Lundin Gold
As a result of the distribution, Lundin Gold is no longer subject to early warning reporting requirements regarding LunR. The company has stated it has no current intention to acquire additional securities of LunR.
Regulatory Compliance
This press release is issued pursuant to National Instrument 62-103. An early warning report has been filed under LunR's profile on SEDAR+ and is available online.
About Lundin Gold
Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador, one of the highest-grade operating gold mines globally. The company is committed to responsible operations, transparency, and international best practices, focusing on shareholder value, community benefits, and environmental stewardship.
About LunR Royalties Corp.
LunR is an emerging Canadian royalty and streaming company dedicated to building a portfolio of high-quality mining royalty and stream interests to create lasting value for stakeholders.
