May 7 (Reuters) - Freehold Royalties Ltd ::FREEHOLD ROYALTIES LTD. ANNOUNCES FIRST QUARTER RESULTS.Q1 FFO PER SHARE C$0.25.FREEHOLD'S ROYALTY PRODUCTION AVERAGED 10,139 BOE/D DURING Q1-2019, DOWN 9% VERSUS Q1-2018.MAINTAINING 2019 AVERAGE ROYALTY PRODUCTION RANGE OF 9,900 BOE/D-10,300 BOE/D..EXPECT 2019 PAYOUT RATIO TO BE APPROXIMATELY 60%.SUBSEQUENT TO MARCH 31, 2019, FREEHOLD RECEIVED A PROPOSAL LETTER FROM CANADA REVENUE AGENCY.FREEHOLD - CRA INTENDS TO RE-ASSESS, DENY CO'S DEDUCTION OF CERTAIN NON-CAPITAL LOSSES CLAIMED AND CARRIED FORWARD FOR YEAR ENDED DECEMBER 31, 2015..FREEHOLD - IF CRA ISSUES NOTICE OF REASSESSMENT DESCRIBED IN PROPOSAL LETTER, CO'S ASSESSED TAX LIABILITY WOULD BE APPROXIMATELY $15 MILLION (+ INTEREST).
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March 18 (Reuters) - Freehold Royalties Ltd ::FREEHOLD ROYALTIES LTD. ANNOUNCES CHANGES TO EXECUTIVE TEAM.FREEHOLD ROYALTIES LTD - RESIGNATION OF DARREN GUNDERSON, CHIEF FINANCIAL OFFICER & APPOINTMENT OF ALAN WITHEY AS INTERIM CHIEF FINANCIAL OFFICER.FREEHOLD ROYALTIES LTD - DARREN TO BE AVAILABLE ON CONSULTING BASIS TO ALLOW FOR SMOOTH TRANSITION.
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May 9 (Reuters) - Freehold Royalties Ltd ::ANNOUNCES CONTINUED ROYALTY GROWTH AND FIRST QUARTER RESULTS.Q1 FFO PER SHARE C$0.27.QTRLY ROYALTY PRODUCTION AVERAGED 11,197 BOE/D, UP 5% OVER SAME PERIOD IN 2017.MAINTAINING 2018 AVERAGE PRODUCTION RANGE TO 11,750-12,250 BOE/D.
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Dec 20 (Reuters) - Freehold Royalties Ltd ::FREEHOLD ROYALTIES LTD. ACQUIRES A LONG LIFE CARDIUM ROYALTY ASSET.FREEHOLD ROYALTIES LTD - PURCHASE PRICE OF GORR IS $52 MILLION PLUS ASSIGNMENT BY FREEHOLD OF MINOR WORKING INTEREST ASSETS.FREEHOLD ROYALTIES LTD - GORR IS FORECAST TO GENERATE APPROXIMATELY $3.6 MILLION IN OPERATING INCOME AND APPROXIMATELY 210 BOE/D IN 2018.FREEHOLD ROYALTIES LTD - ACQUISITION WAS FUNDED THROUGH EXISTING CREDIT LINE.FREEHOLD ROYALTIES - PROFORMA 2017 YEAR-END NET DEBT TO FFO EXPECTED TO BE 0.7 TIMES, WITH ABOUT $90 MILLION AVAILABLE ON ITS EXISTING FACILITY.
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Nov 9 (Reuters) - Freehold Royalties Ltd :Third quarter results: Freehold increases 2017 production guidance.Q3 FFO per share c$0.24.Freehold Royalties Ltd-qtrly production averaged 12,036 boe/d, down 2% versus Q3-2016.Freehold Royalties Ltd says increasing 2017 average production range to 12.0-12.5 mboe/d.
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