/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
MONTREAL, June 22, 2021 /CNW Telbec/ - Nomad Royalty
Company Ltd. ("Nomad" or the "Company") (TSX: NSR) has established
an at-the-market ("ATM") equity program allowing Nomad to issue and
sell up to US $50 million common
shares from treasury (the "Common Shares") to the public from time
to time at the Company's sole discretion and at the prevailing
market price. Sales of the Common Shares under the ATM program will
be made pursuant to the terms of an equity distribution agreement
dated June 22, 2021 with a syndicate
of agents led by Cormark Securities Inc. (the "Agents"). The volume
and timing of distributions under the ATM program, if any, will be
determined at the Company's sole discretion, subject to applicable
regulatory limitations.
The Company currently intends to use the net proceeds, if any,
from the ATM program to fund acquisitions, including new accretive
acquisitions of streams or royalties, repay indebtedness and for
working capital and general corporate purposes. In addition to its
cash on hand and its revolving credit facility, the ATM program
provides Nomad with a tool, as needed, to efficiently access the
capital markets in order to continue execute on its growth
strategy. Management of the Company will have discretion with
respect to the actual use of the net proceeds of the ATM
program.
All Common Shares sold pursuant to the ATM will be sold through
the Toronto Stock Exchange or sales made directly on the TSX, or on
any other recognized "marketplace" in Canada within the meaning of National
Instrument 21-101 – Marketplace Operation in Canada, at prices related to prevailing
market price at the time of sale. Since the Common Shares
will be distributed at the prevailing market prices at the time of
the sale or certain other prices, prices may vary among purchasers
and during the period of distribution.
In connection with the ATM, Nomad has filed a prospectus
supplement dated June 22, 2021 (the
"Prospectus Supplement") with the securities regulatory authorities
in each of the provinces of Canada, which supplements the Company's short
form base shelf prospectus dated September
30, 2020 (the "Base Shelf Prospectus"). A copy of the
Prospectus Supplement and Base Shelf Prospectus are available on
our SEDAR profile at www.sedar.com. Alternatively, a copy of the
Prospectus Supplement and accompanying Base Shelf Prospectus are
available upon request by contacting Cormark Securities Inc.,
Attention: Equity Capital Markets, by e-mail at
ecm@cormark.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer,
solicitation or sale of, the securities under the ATM program in
any province, state or 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 15 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-Montréal
Montréal (Québec) H3B
0G4
nomadroyalty.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. Forward-looking statements in this press
release include statements with respect to the future issuance of
common shares sold under the ATM program; the aggregate gross
proceeds of the ATM program; and the use of proceeds from any sales
of common shares under the ATM program. Although Nomad believes the
forward-looking statements in this press release are reasonable, it
can give no assurance that the expectations and assumptions in such
statements will prove to be correct. Nomad cautions investors that
any forward-looking statements are not guarantees of future results
or performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors,
including, but not limited to, Nomad may not sell any of the common
shares or may raise less than the maximum offering amount under the
ATM program; management has broad discretion in the use of proceeds
from the ATM program; compliance with regulatory requirements;; the
liquidity and market price of the common shares; Nomad's capital
requirements may exceed its current expectations; and other risk
factors described in Nomad's annual information form for the fiscal
year ended December 31, 2020, Form
40-F annual report and other filings with the Canadian securities
regulators and the United States Securities and Exchange
Commission, which may be viewed under Nomad's profile on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov, respectively. 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. 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.