18:20:53 EDT Fri 18 Jun 2021
Enter Symbol
or Name

Login ID:
Nomad Royalty Company Ltd
Symbol NSR
Shares Issued 564,520,579
Close 2020-11-24 C$ 1.20
Recent Sedar Documents

Nomad Royalty warrants to trade Nov. 26

2020-11-24 11:50 ET - Warrants Called to Trade

The Toronto Stock Exchange reports that Nomad Royalty Company Ltd. will list 19,997,118 warrants for trading at the open on Nov. 26, 2020. According to the TSX, the warrants will trade under the symbol NSR.WT, in Canadian dollars and under Cusip No. 65532M 11 9.

The TSX reports that the company issued the warrants pursuant to the recently effected plan of arrangement with Coral Gold Resources Ltd. Under the arrangement, the company acquired all of the issued and outstanding shares of Coral for five cents in cash and 0.80 of a Nomad unit per Coral share held. Each unit consisted of one share and one-half of a warrant.

According to the TSX, the warrants are exercisable at $1.71 per share and will expire on Nov. 19, 2022. If the daily volume weighted average price of the company's shares on the TSX exceeds the exercise price by 25 per cent for any period of 20 consecutive trading days after one year from the effective date of the plan of arrangement, the company will have the right to give notice in writing to the warrantholders that the warrants will expire 30 days following such notice, unless exercised prior thereto.

For more information, see Coral's management information circular dated Oct. 9, 2020, available on SEDAR.

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