Vancouver (pcJ News Briefs) – Royalty North Partners Ltd. (TSX-V: RNP) intends to complete a non-brokered private placement financing of a minimum of 17,647,058 units at $0.17 per unit for minimum gross proceeds of $3,000,000.
Each unit shall consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase, until September 1, 2021, one additional common share at $0.25 per share.
Proceeds will be used to fund the company’s loan agreement with SST Construction, LLC, transaction expenses and working capital purposes.
Royalty North Partners Ltd. is focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses operating in the “mid-market”. RNP is targeting royalty investments in companies with stable cash flow in non-resource based sectors looking for growth/acquisition capital, recapitalization or succession liquidity.
photo credit: Royalty North Partners