Form 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name & Address of Company
EMX ROYALTY CORPORATION ("EMX" or the "Company")
Suite 501 - 543 Granville Street
Vancouver, British Columbia
V6C 1X8
Item 2. Date of Material Change
June 10, 2020
Item 3. News Release
A news release dated June 10, 2020 was disseminated through the facilities of Newsfile Corp. and filed under the Company's profile on SEDAR on June 10, 2020.
Item 4. Summary of Material Change
The Company announced that pursuant to the Company's Stock Option Plan, an aggregate of 1,531,500 incentive stock options, exercisable at a price of $2.62 per share for a period of five years, has been granted to officers, directors, employees and consultants of the Company. The Company has also granted an aggregate of 430,000 restricted shares units ("RSU") with a 3-year cliff vesting provision to officers, directors and key employees.
Item 5. Full Description of Material Change
Item 5.1 Full Description of Material Change
See attached news release at Schedule "A" to this report.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable
Item 6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officer
Rocio Echegaray, Corporate Secretary
Phone: 604-688-6390
Email: rocio@EMXRoyalty.com
Item 9. Date of Report:
June 12, 2020
Schedule "A"
NEWS RELEASE
EMX Royalty Grants Incentive Stock Options and RSUs
Vancouver, British Columbia, June 10, 2020 (NYSE American: EMX; TSX Venture: EMX) - EMX Royalty Corporation (the "Company" or "EMX") announces that pursuant to the Company's Stock Option Plan, an aggregate of 1,531,500 incentive stock options (the "Options"), exercisable at a price of $2.62 per share for a period of five years, has been granted to officers, directors, employees and consultants of the Company.
In addition, the Company has granted an aggregate of 430,000 restricted shares units ("RSU") with a 3-year cliff vesting provision to officers, directors and key employees, subject to any applicable stock exchange approvals and vesting requirements.
About EMX. EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX. Please see www.EMXroyalty.com for more information.
For further information contact:
David M. Cole President and Chief Executive Officer Phone: (303) 979-6666 Dave@EMXroyalty.com | Scott Close Director of Investor Relations Phone: (303) 973-8585 SClose@EMXroyalty.com | Isabel Belger Investor Relations (Europe) Phone: +49 178 4909039 Ibelger@EMXroyalty.com |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. These forward-looking statements may include statements regarding perceived merit of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will", "believe", "potential" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the quarter ended March 31, 2020 (the "MD&A"), and the most recently filed Annual Information Form ("AIF") for the year ended December 31, 2019, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.
Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada
Tel: (604) 688-6390 Fax: (604) 688-1157
www.eurasianminerals.com
