CPE News (1/12/2021) – Gold Royalty Corp., a subsidiary of GoldMining Inc. (TSX: GOLD; NYSE: GLDG), has filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (SEC) and a preliminary base PREP prospectus in connection with a proposed initial public offering of units
The terms of the offering has yet to be determined.
The IPO units are being offered in Canada under by BMO Nesbitt Burns Inc., and, in the United States, by H.C. Wainwright & Co., LLC and BMO Capital Markets Corp.
Gold Royalty Corp. has applied to list the common shares and the warrants on the NYSE American under the symbols “GROY” and “GROY WS”, respectively.
Gold Royalty Corp is. a precious metals-focused royalty and streaming company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors.
Gold Royalty’s current portfolio consists of NSR royalties ranging from 0.5% to 2.0% on 17 gold properties covering 11 projects located in the Americas and owned by subsidiaries of its parent company, GoldMining. The company will have additional rights to acquire nine royalty interests from third parties holding royalties on certain of such properties.
GoldMining owns 20,000,000 common shares representing 87.6 % of Gold Royalty current outstanding common shares.
photo credit: Gold Royalty