Mr. Vincent Metcalfe reports
NOMAD CLOSES ACQUISITION OF THE MOSS GOLD ROYALTY
Nomad Royalty Company Ltd. has closed its acquisition of all of the outstanding shares of Valkyrie Royalty Inc., a private royalty company that owns a net-smelter-return royalty on the Moss gold mine located in Arizona for total share consideration of approximately $7.6-million (based on Nomad's share price immediately prior to announcement of the transaction on Aug. 24, 2020). Pursuant to the transaction, Nomad issued 7,399,970 common shares to the shareholders of Valkyrie in full satisfaction of the purchase price.
About Nomad Royalty Company Ltd.
Nomad Royalty Company is a gold and silver royalty company that purchases rights to a percentage of the gold or silver produced from a mine, for the life of the mine. Nomad owns a portfolio of 11 royalty, stream and gold loan assets, of which five are on currently producing mines. Nomad plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing gold and silver streams and royalties.
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