TIDMTRR
RNS Number : 9693X
Trident Royalties PLC.
10 January 2022
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR FORM ANY PART OF AN OFFER TO SELL OR ISSUE, OR A
SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE
ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF
SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER
OR SOLICITATION WOULD BE UNLAWFUL OR TO ANY PERSON TO WHOM IT IS
UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION. NO PUBLIC OFFERING OF
THE FUNDRAISE SHARES IS BEING MADE IN ANY SUCH JURISDICTION. ANY
FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A
VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.
THIS ANNOUNCEMENT IS NOT FOR PUBLIC RELEASE, PUBLICATION OR
DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA,
JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION
OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN
ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR") AS IN
FORCE IN THE UNITED KINGDOM PURSUANT TO THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
10(th) January 2022
Trident Royalties Plc
("Trident" or the "Company")
Result of General Meeting
Issue of Conditional Placing Shares and Gold Portfolio
Acquisition Update
General Meeting
Trident Royalties Plc (AIM:TRR), the growth-focused mining
royalty and streaming company, is pleased to announce that further
to the announcements on 13 December, all resolutions proposed to
shareholders at the Company's General Meeting held earlier today
were duly passed on a poll. As a result, the Company is now able to
issue the 13,118,057 Conditional Placing Shares, as defined in the
Company's announcement of 14 December 2021.
Full details of the poll results can be found on the Company's
website at
www.tridentroyalties.com/investors/investor-downloads.
Conditional Placing Shares Settlement and Dealings
Application has been made to the London Stock Exchange Plc for
the admission to trading on AIM of the 13,118,057 Conditional
Placing Shares which will rank pari passu with the Company's
existing issued ordinary shares of 1p each ("Ordinary Shares") from
their issue. Admission of the Conditional Placing Shares to trading
on AIM is expected to take place at 8:00am on 11 January 2022.
Gold Portfolio Acquisition Update
The proposed acquisition of a portfolio of producing gold
offtake streams from funds managed by Orion Resource Partners
("Orion") for total consideration of US$69.75 million (the
"Acquisition" ) is also expected to occur on 11 January 2022. As
part of the Acquisition, the Company is issuing to the Sellers (as
defined in the Company's announcement of 13 December 2021)
20,471,151 Ordinary Shares to as part of the consideration
("Consideration Shares")
Consideration Shares Settlement and Dealings
Application has been made to the London Stock Exchange Plc for
the admission to trading on AIM of the 20,471,151 Consideration
Shares, which will rank pari passu with the Company's existing
issued Ordinary Shares from their issue. Admission of the
Consideration Shares to trading on AIM is expected to take place at
8:00am on 11 January 2022. .
Application has therefore been made for the admission to trading
on AIM of a total of 33,589,208 Ordinary Shares, comprising the
13,118,057 Conditional Placing Shares and the 20,471,151
Consideration Shares, with admission expected to take place on 11
January 2022.
In addition, the Company has submitted a utilisation request
under the $40 million secured loan facility agreement with
Macquarie Bank Limited, the proceeds of which will be applied to
part fund the Acquisition.
Completion of the Acquisition and transfer of the portfolio of
producing gold offtake streams to Trident is expected to take place
upon the issue of the Consideration Shares.
** Ends **
Contact details:
Trident Royalties Plc www.tridentroyalties.com
Adam Davidson +1 (757) 208-5171
Grant Thornton (Nominated Adviser) www.grantthornton.co.uk
Colin Aaronson / Samantha Harrison / +44 020 7383 5100
Samuel Littler
--------------------------------------------------------
Tamesis Partners LLP (Financial Adviser www.tamesispartners.com
& Broker) +44 203 882 2868
Richard Greenfield
--------------------------------------------------------
St Brides Partners Ltd (Financial PR www.stbridespartners.co.uk
& IR) +44 20 7236 1177
Susie Geliher / Catherine Leftley
--------------------------------------------------------
Forward-looking Statements
This news release contains forward--looking information. The
statements are based on reasonable assumptions and expectations of
management and Trident provides no assurance that actual events
will meet management's expectations. In certain cases,
forward--looking information may be identified by such terms as
"anticipates", "believes", "could", "estimates", "expects", "may",
"shall", "will", or "would". Although Trident 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 or developments may differ
materially from those projected. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such factors will also
affect whether Trident will ultimately receive the benefits
anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the
forward--looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on
forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited,
if any, access to non-public scientific and technical information
in respect of the properties underlying its portfolio of royalties
and investments, or such information is subject to confidentiality
provisions. As such, in preparing this announcement, the Company
often largely relies upon information provided by or the public
disclosures of the owners and operators of the properties
underlying its portfolio of royalties, as available at the date of
this announcement. No content of any third-party website nor the
content of any website accessible from hyperlinks on the Company's
website (or any other website) is incorporated into, or forms part
of, this Announcement.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROMSFEFLSEESEIF
(END) Dow Jones Newswires
January 10, 2022 09:53 ET (14:53 GMT)
Trident Royalties (LSE:TRR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trident Royalties (LSE:TRR)
Historical Stock Chart
From Jul 2023 to Jul 2024