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Pacific Coast Oil Trust Announces There Will Be No February Cash Distribution


Press release content from Business Wire. The AP news staff was not involved in its creation.
Pacific Coast Oil Trust Announces There Will Be No February Cash Distribution
February 25, 2021 GMT
HOUSTON (BUSINESS WIRE) Feb 25, 2021
PACIFIC COAST OIL TRUST (OTC Pink: ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on February 26, 2021 based on the Trust’s calculation of net profits generated during December 2020 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). If the Trust continues to receive insufficient monthly income from its net profits interests and overriding royalty interest, the Trust is expected to terminate by its terms by the end of 2021. As described further below, based on information from PCEC, the ....

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Uranium Royalty Corp. to Acquire Royalties on the World-Class McArthur River and Cigar Lake Mines in Saskatchewan, Canada


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VANCOUVER, BC, Feb. 11, 2021 /PRNewswire/ - Uranium Royalty Corp. (TSXV: URC) (US: URCCF) ( URC or the Company ) is pleased to announce it has entered into a definitive agreement to acquire existing royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan, Canada.
Highlights
The acquisition represents a transformational transaction for Uranium Royalty Corp (URC), providing potential near to long-term cash-flow opportunities from existing long-life mines operated by Cameco Corporation (
Cameco ) and partnered with Orano Canada Inc. (
Orano ), two of the world s most prominent uranium and nuclear fuel companies;
World-class production profile: McArthur River and Cigar Lake mines rank as the two largest high-grade uranium mines in the world, with ore grade 100 times world averages as disclosed by Cameco. Based on disclosed production capacities, the mines have the combined capacity equal to 21 ....

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