Royalties Inc. , announces the completion of its 5th cash flowing music royalty acquisition of sound recordings of TV cues from the 5 season show The Carbonaro Effect on TruTV, paid by royalty distributor American Society of Composers, Authors and Publishers . The company invested US$130,000 for a catalog that generated royalty income of US$44,000 in the last year, for a 9.3 year term agreement on the Royalty Exchange [...]
Royalties Inc. , announces a non-brokered private placement of $94,000 at $0.05 per share for 1,880,000 shares and the exercise of 1,350,000 in stock options at $0.06 per share for proceeds of $81,000. The total of $175,000 in funds will be used to acquire a fifth cash flowing music royalty catalog. In 2023, RI has acquired 3 cash flowing song catalogs including Apple Alert Tones, a music producer and songwriter's [...]
Royalties Inc. announces the completion of an acquisition of an American songwriter's public performance royalties of songs performed by artists including Backstreet Boys, Marshmello, Anarbor, paid by royalty distributor Broadcast Music, Inc. . This pop catalog consists of 103 tracks and is unique in that many of the songs have gained placements in popular TV series including Grey's Anatomy. The top songs in the catalog [...]
Royalties Inc. announces the completion of a portfolio investment in a partial share of a Music Royalties Inc. acquisition of an American Grammy nominated/multi-award-winning music producer and songwriter's interest in the publishing and public performance royalties of songs performed by artists including Britney Spears, Joe, Michael Jackson and R. Kelly, paid by royalty distributors SOCAN and Universal Music Publishing [...]
Royalties Inc. 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 [...]
Royalties announces the start of trading on the CSE). The Company intends to complete a non-brokered private placement offering of Royalties Inc at a price of 5 cents per share, for gross proceeds of $520,000 from a Director and Music Royalties Inc., funds previously advanced for working capital and for acquisitions of cash flow generating royalty opportunities. The Offering is being made pursuant to certain Canadian [...]
Royalties Inc., formerly Xtierra Inc. announces that following a review by the TSX Venture Exchange , the Company's common shares will be delisted effective close of market on April 11, 2023. The Company has received confirmation from the Canadian Securities Exchange that the common shares of the Company are expected to commence trading on the CSE under the symbol "RI" at the opening of the market on April 12, 2023. The [...]
Xtierra Inc. is pleased to announce that it has now completed the acquisition for a royalty stream of entertainment-based royalties through the purchase of 2 million common shares of Music Royalties Inc. . The Acquisition was completed pursuant to the terms of a share exchange agreement dated September 30, 2022, which was disclosed in the press release of the Company dated September 30, 2022. MRI is a Canadian-based [...]
Xtierra Inc. is pleased to announce that it has entered into an acquisition agreement for a royalty stream of entertainment-based royalties through the purchase of 2 million common shares of Music Royalties Inc. . MRI is a Canadian-based private company that acquires passive music royalties from rightsholders and currently holds a portfolio of approximately 25 cash-flowing music royalties. MRI is currently paying a [...]
Xtierra Inc. is pleased to announce that it intends to pursue a change of business. More specifically, the Company has determined to refocus its business operations from a mineral resource exploration company to a company focused on seeking cash flow generating royalty opportunities in various industries - a diversified royalties company. The Company believes that the experience of its management and board members will [...]
Xtierra Inc. reports that it held its Annual Meeting of Shareholders yesterday, June 24, 2021, in Toronto at which all resolutions were approved and passed. Retirement of Directors The meeting marked the retirement of two long serving Directors. John Kearney had been Chairman of the Company since its incorporation in 2008 and Terence McKillen had previously served as Chief Executive from 2008 until 2013. The Board of [...]
Xtierra Inc. reports its results for the year ended December 31, 2020. This news release should be read in conjunction with the Company's audited financial statements and the associated management's discussion and analysis for the year ended December 31, 2020 which are available on the Company's website at or under the Company's profile on SEDAR. Amounts are stated in US dollars unless otherwise stated. Company Overview [...]