Rebel Capital Inc. announced that it has entered into a letter of intent with Electric Royalties Ltd. pursuant to which Rebel will acquire all of the issued and outstanding shares in the capital of Electric Royalties (the Proposed Transaction). Subject to TSXV approval, on completion of the Proposed Transaction, the board of the Resulting Issuer will be increased to 5 members and it is currently anticipated that it will consist of the following five directors and the management will consist of Mr. Brendan Yurik, Founder and CEO of Evenor Investments Ltd, Marchand Snyman Co-founder and Chairman of RE Royalties Ltd., Chris Zahovskis, he is Currently CEO & President of Northcliff Resources Ltd, Robert Schafer, he is Co-founding director of International Royalty Corp., Craig Lindsay, he is Founder and CEO of Otis Gold Corpand Mr. Luqman Khan, Has served as CFO for several publicly listed TSX-V resource companies and previously with Ernst and Young in their assurance practice.