Mr. Vincent Metcalfe reports
NOMAD ROYALTY COMPANY LTD. ANNOUNCES ITS INTENTION TO COMMENCE A NORMAL COURSE ISSUER BID
Nomad Royalty Company Ltd. intends to begin a normal course issuer bid (NCIB) to purchase, for cancellation, up to 15,550,053 common shares in the capital of the company, representing approximately 10 per cent of the public float (as defined in the TSX company manual) and approximately 2.75 per cent of the issued and outstanding common shares as of April 15, 2021. As at April 15, 2021, the company had 566,364,957 common shares issued and outstanding.
Purchases of common shares under the NCIB may be made through the facilities of the Toronto Stock Exchange and alternative trading systems in Canada by means of open-market transactions.
Management and the board of directors of the company believe that, at appropriate times, repurchasing Nomad Royalty common shares through the NCIB represents a good use of the company's financial resources, as such action can protect and enhance shareholder value when opportunities arise.
The NCIB is expected to commence on April 29, 2021, and will terminate no later than April 28, 2022. All purchases of common shares will be made in compliance with applicable TSX rules. The average daily trading volume of the common shares on the TSX for the six calendar months preceding March 31, 2021, is 206,165 common shares. In accordance with TSX rules and subject to the exception for block purchases, a maximum daily repurchase of 25 per cent of this average may be made, representing 51,541 common shares. The price per common share will be based on the market price of such shares at the time of purchase, in accordance with regulatory requirements. All common shares acquired under the NCIB will be subsequently cancelled.
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 over the life of the mine. Nomad owns a portfolio of 14 royalty and stream 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.
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