Nomad Royalty Company Announces C$40 Million Bought Deal Financing
11 Janeiro 2022 - 7:00PM
Nomad Royalty Company Ltd. ("Nomad" or the "Company") (TSX: NSR)
(NYSE: NSR) is pleased to announce that it has entered into an
agreement with a syndicate of underwriters led by BMO Capital
Markets, under which the underwriters have agreed to buy on bought
deal basis 4,400,000 common shares (the “Common Shares”), at a
price of C$9.10 per Common Share for gross proceeds of
approximately C$40 million (the “Offering”). The Company has
granted the Underwriters an option, exercisable at the offering
price for a period of 30 days following the closing of the
Offering, to purchase up to an additional 15% of the Offering to
cover over-allotments, if any. The offering is expected to close on
or about January 20, 2022 and is subject to Nomad receiving all
necessary regulatory approvals.
The net proceeds of the offering will be used to
support the Company’s recently announced acquisitions of streams on
the Greenstone Gold project and the Platreef
palladium-rhodium-platinum-nickel-copper-gold project, and for
general corporate purposes.
The Common Shares will be offered by way of a
prospectus supplement to the company’s base shelf prospectus dated
September 30, 2020 which prospectus supplement is expected to be
filed with the securities commissions and other similar regulatory
authorities in each of the provinces of Canada on or about January
13, 2022.
The securities offered have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
ABOUT NOMAD
Nomad Royalty Company Ltd. is a gold &
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 16 royalty and stream assets, of which 8
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 & silver
streams and royalties. For more information please visit:
www.nomadroyalty.com.
Nomad Royalty Company Ltd.
500-1275 ave. des Canadiens-de-MontréalMontreal,
Québec H3B0G4nomadroyalty.com
Forward-looking statements:
Certain statements contained in this press
release may be deemed "forward-looking statements". All statements
in this release, other than statements of historical fact, that
address events or developments that Nomad expects to occur, are
forward looking statements. Forward looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential",
"scheduled" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur including,
without limitation, the satisfaction of all conditions precedent
for funding the second and final deposit under the Gold Stream; the
realization of the anticipated benefits to Nomad under the Gold
Stream; the timing for the development and construction of the
Greenstone Project, including works relating to the tailings; the
timing for the expected publication by Nomad of its GEO production
guidance for 2022; the 2022 annual gold production of Blyvoor Gold;
the expected amount of ounces attributable to Nomad from the 2022
annual production under the Blyvoor stream; the outcome of, and
timing for the completion of the strategic process at the Woodlawn
mine; the results of the exploration works to be obtained by
Barrick on the Robertson property, including its resource
definition drilling program, the timing for the commencement of the
drill testing program; the outcome of the development program at
the Mercedes mine to increase access to multiple ore bodies; the
expected commencement of production on the Marianas and the Rey de
Oro areas at the Mercedes mine; the outcome and timing for the
completion of the exploration program by Equinox on RDM; the
achievement of the 2021 guidance of ounces produced at RDM; the
realization of an expanded drilling program on at Moss; the timing
for the release of the inaugural reserve, to initiate the federal
permitting process and the release of a feasibility study by
Troilus; and the expected timing to begin construction at the
Blackwater project by Artemis. Although Nomad believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in forward looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking
statements include, the impossibility to proceed with the closing
of the second and final deposit, fluctuations in the prices of the
primary commodities that drive royalty and stream revenue, Nomad's
royalty and stream interests, access to skilled consultants,
results of mining operations, exploration and development
activities for properties with respect to which Nomad holds a
royalty or stream, uninsured risks, regulatory changes, defects in
title, availability of personnel, materials and equipment,
timeliness of government or court approvals, actual performance of
facilities, equipment and processes relative to specifications and
expectations, unanticipated environmental impacts on operations,
market prices, continued availability of capital and financing,
general economic, market and business conditions, risks relating to
the Gold Stream and its completion; and the absence of any other
factors that could cause actions, events or results to differ from
those anticipated, estimated or intended. Nomad cautions that the
foregoing list of important factors is not exhaustive. Investors
and others who base themselves on the forward-looking statements
contained herein should carefully consider the above factors as
well as the uncertainties they represent and the risks they entail.
Nomad believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this press release should
not be unduly relied upon. These statements speak only as of the
date of this press release. Nomad undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, other
than as required by applicable law.
SOURCE Nomad Royalty Company Ltd.
For further information: about Nomad Royalty Company, please
visit our website at www.nomadroyalty.com or email us: Vincent
Metcalfe, CEO, vmetcalfe@nomadroyalty.com; Joseph de la Plante,
CIO, jdelaplante@nomadroyalty.com
Related Links
https://nomadroyalty.com/
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