Gold Royalty Corp. shares rise 1.33% premarket after Summit Royalty Corp. announced a definitive amalgamation agreement to acquire Eagle Royalties Ltd.

Gold Royalty Corp. rose 1.33% in premarket trading, with the company entering into a definitive amalgamation agreement to acquire Eagle Royalties Ltd. in a reverse merger transaction. The resulting issuer is expected to be owned approximately 80% by current shareholders of Summit and 20% by the current shareholders of Eagle.