Frequentz: Grenville Strategic Royalty Announces Acquisition of Portfolio Holding Frequentz Inc.

TORONTO, Dec. 07, 2017 (GLOBE NEWSWIRE) - Grenville Strategic Royalty Corp. (TSXV:GRC) ("Grenville") today announced that rfXcel, a provider of supply chain track and trace solutions for the pharmaceutical industry has acquired the assets of Frequentz, Inc. ("Frequentz"), a leading player in life science and food traceability. Terms of this transaction can be found in the following press release: https://www.prnewswire.com/news-releases/rfxcel-acquires-frequentz-assets-300566623.html. As previously announced on June 21, 2017 Grenville entered into a royalty purchase agreement with Frequentz, to provide USD$500,000 in growth capital. Coincident with the close, Grenville purchased USD$350,000 of senior secured Frequentz debt for additional royalty payments, bringing Grenville's [...]