Mr. Vincent Metcalfe reports
NOMAD ROYALTY COMPANY LTD. ANNOUNCES $25.0 MILLION SECONDARY BOUGHT DEAL OFFERING BY YAMANA GOLD INC.
Nomad Royalty Company Ltd., together with Yamana Gold Inc., has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and Scotia Capital Inc., pursuant to which the underwriters have agreed to purchase for resale, on a bought deal basis, 22.75 million common shares of the company currently held by Yamana, the selling shareholder, at a price of $1.10 per common share for gross proceeds to the selling shareholder of approximately $25.0-million. The company will not receive any proceeds from the offering.
The common shares will be offered by way of a prospectus supplement to the company's final base shelf prospectus dated Sept. 30, 2020. The prospectus supplement will be filed in all of the provinces of Canada and, together with the related base shelf prospectus, will be available on SEDAR.
The offering is scheduled to close on or about Dec. 11, 2020, and is subject to certain conditions including, but not limited to, receipt of all regulatory approvals, including the approval of the Toronto Stock Exchange.
About Nomad Royalty Company Ltd.
Nomad Royalty 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 13 royalty, stream, and gold loan assets, of which six 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.
We seek Safe Harbor.
© 2021 Canjex Publishing Ltd. All rights reserved.