Electric Royalties Ltd. (TSX-V:ELEC) will look for acquisitions. Electric Royalties Ltd. has closed a private placement announced previously on May 5, 2020, and updated on May 26, 2021, consisting of 5,000,000 units of the company issued for gross proceeds of $2,000,000. Brendan Yurik, Chief Executive Officer of Electric Royalties, stated: "We appreciate the participation of existing shareholders in this financing and are excited to welcome new investors to our growing shareholder base. With this financing Electric Royalties is now positioned to immediately pursue additional new royalty acquisitions".