Triple Flag Precious Metals Corp. has completed the acquisition of Orogen Royalties Inc., including the 1.0% net smelter returns royalty on the Arthur gold project in Nevada, developed by AngloGold Ashanti plc. The transaction allowed Orogen shareholders to choose between cash or Triple Flag shares, along with receiving shares in a new company, Orogen Spinco, which holds Orogen's remaining assets. Triple Flag paid approximately C$171.5 million in cash and issued 5,633,629 shares to Orogen shareholders. Additionally, Triple Flag invested C$10 million to acquire an 11% equity interest in Orogen Spinco. Sheldon Vanderkooy, CEO of Triple Flag, highlighted the strategic value of the acquisition and the potential growth prospects of the Arthur gold project.
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