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VANCOUVER, BC, Nov. 15, 2022 /CNW/ - Diversified Royalty Corp. (TSX: DIV); (TSX: DIV.DB) and (TSX: DIV.DB.A) (the "Corporation" or "DIV") is pleased to announce that, due to strong demand, DIV has entered into a revised agreement with Cormark Securities Inc., which is leading a syndicate of underwriters (collectively, the "Underwriters"), to increase the size of its previously announced bought deal offering of common shares. Under the revised Agreement the Underwriters have agreed to purchase 14,286,000 Common Shares (the "Common Shares") from the treasury of the Corporation, at a price of $2.80 per Common Share (the "Offering Price") for total gross proceeds of approximately $40,000,800 (the "Offering").