Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 28 2020 - 4:34PM
Edgar (US Regulatory)
Free Writing Prospectus dated May 28,
2020
Filed pursuant
to Rule 433
Relating to the Preliminary Prospectus
Supplement dated May 28, 2020
Registration Statement No. 333-233589
May
28, 2020
MAVERIX
METALS INC.
Marketed
Secondary Offering of Common Shares
Term
Sheet
A
FINAL BASE SHELF PROSPECTUS CONTAINING IMPORTANT INFORMATION RELATING TO THE SECURITIES DESCRIBED IN THIS DOCUMENT HAS BEEN FILED
WITH THE SECURITIES REGULATORY AUTHORITIES IN EACH OF THE PROVINCES OF CANADA OTHER THAN QUEBEC. A COPY OF THE FINAL BASE SHELF
PROSPECTUS, ANY AMENDMENT TO THE FINAL BASE SHELF PROSPECTUS AND ANY APPLICABLE SHELF PROSPECTUS SUPPLEMENT THAT HAS BEEN FILED,
IS REQUIRED TO BE DELIVERED WITH THIS DOCUMENT. THIS DOCUMENT DOES NOT PROVIDE FULL DISCLOSURE OF ALL MATERIAL FACTS RELATING
TO THE SECURITIES OFFERED. INVESTORS SHOULD READ THE FINAL BASE SHELF PROSPECTUS, ANY AMENDMENT AND ANY APPLICABLE SHELF PROSPECTUS
SUPPLEMENT FOR DISCLOSURE OF THOSE FACTS, ESPECIALLY RISK FACTORS RELATING TO THE SECURITIES OFFERED, BEFORE MAKING AN INVESTMENT
DECISION
THE
COMPANY HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS AND PROSPECTUS SUPPLEMENT) WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION (THE “SEC”) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE READERS INVEST, THEY SHOULD READ
THE PROSPECTUS IN THAT REGISTRATION STATEMENT, THE PROSPECTUS SUPPLEMENT AND ANY OTHER DOCUMENTS THE COMPANY HAS FILED WITH THE
SEC FOR MORE COMPLETE INFORMATION ABOUT THE COMPANY AND THE OFFERING. THE COMPANY HAS ALSO FILED A FINAL BASE SHELF PROSPECTUS
AND A PROSPECTUS SUPPLEMENT RELATING TO THE OFFERING WITH EACH OF THE PROVINCIAL SECURITIES REGULATORY AUTHORITIES IN CANADA (OTHER
THAN QUEBEC). POTENTIAL INVESTORS MAY GET ANY OF THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEBSITE AT WWW.SEC.GOV OR
VIA SEDAR AT WWW.SEDAR.COM. ALTERNATIVELY, THE COMPANY, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE
TO SEND POTENTIAL INVESTORS THE DOCUMENTS WITHOUT CHARGE IF REQUESTED. IN CANADA YOU MAY REQUEST A COPY OF THE FINAL BASE PROSPECTUS
AND PROSPECTUS SUPPLEMENT FROM RAYMOND JAMES BY EMAIL AT ECM-SYNDICATION@RAYMONDJAMES.CA OR PI FINANCIAL BY EMAIL AT SYNDICATION@PIFINANCIAL.COM,
AND IN THE UNITED STATES FROM RAYMOND JAMES BY EMAIL AT ECM-SYNDICATION@RAYMONDJAMES.CA OR PI FINANCIAL (US) BY EMAIL AT SYNDICATION@PIFINANCIAL.COM.
THIS COMMUNICATION
DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION TO ANY PERSON TO
WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH JURISDICTION.
Issuer:
|
Maverix Metals Inc. (the “Company”).
|
Selling
Shareholder:
|
Pan American Silver Corp. (the
“Selling Shareholder”).
|
Offering:
|
9,000,000 common shares (the “Shares”)
offered on a secondary basis (the “Offering”) , before giving effect to any exercise of the Over-Allotment
Option (as defined below).
|
Offering
Size:
|
US$39,600,000, before giving effect
to any exercise of the Over-Allotment Option (as defined below).
|
Offering
Price:
|
US$4.40 per Share.
|
Over-Allotment
Option:
|
The Selling Shareholder will grant the Underwriters an option, exercisable at the Offering Price at any time until 30 days following the closing of the Offering, to purchase up to an additional 15% of the Shares sold in the Offering (1,350,000 Shares) to cover over-allotments.
|
Shares
Held by the Selling Shareholder Following Closing:
|
Following completion of the Offering
and before giving effect to any exercise of the Over-Allotment Option, the Selling Shareholder is expected to hold 26,833,500
Shares of the Company, representing approximately 21% of the issued and outstanding Shares (assuming exercise in full
of the 8,250,000 warrants held by the Selling Shareholder (the “Selling Shareholder Warrants”)) or 25,483,500
Shares representing approximately 19.9% if the Over-Allotment Option is exercised in full. The Selling Shareholder has
informed the Company of its intention to exercise the Selling Shareholder Warrants upon closing of the Offering.
|
Shares
Outstanding:
|
There are currently 119,759,804
Shares of the Company outstanding and upon completion of the Offering (assuming the exercise of the Selling Shareholder
Warrants), there are expected to be 128,009,804 Shares of the Company outstanding.
|
Use
of Proceeds:
|
The
Company will not receive any proceeds from the Offering. The net proceeds of the Offering will be payable to the Selling Shareholder.
|
Standstill:
|
The
Selling Shareholder has agreed that it will not, directly or indirectly, without the prior written consent of Raymond James
on behalf of the Underwriters, offer, sell or issue for sale or resale, as the case may be, or publicly announce the issue
or sale or intended issue or sale of, any common shares, or financial instruments or securities convertible or exchangeable
into common shares, for a period commencing on the date hereof and ending 90 days after the Closing Date,
subject to certain limited exceptions.
|
Offering
Procedure:
|
Marketed underwritten offering
by way of prospectus supplement in all provinces of Canada (other than Quebec). Offered in the United States pursuant
to a registration statement under the Multi-Jurisdictional Disclosure System, and internationally as permitted.
|
Eligibility:
|
The Shares will be eligible for
RDSPs, RRSPs, RRIFs, RESPs, TFSAs and DPSPs.
|
Listing:
|
The outstanding common shares
of the Company are listed on the TSX and the NYSE American under the symbol “MMX”.
|
Underwriters:
|
A syndicate co-led by Raymond
James Ltd. (as sole bookrunner) and PI Financial Inc.
|
Underwriters’ Fee:
|
4%.
|
Closing
Date:
|
On
or about June 5, 2020 (T+5).
|
Maverix Metals (AMEX:MMX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Maverix Metals (AMEX:MMX)
Historical Stock Chart
From Apr 2023 to Apr 2024