GoldMining Inc. (TSX: GOLD / NYSE: GLDG)
Announced that its subsidiary, Gold Royalty Corp. has further increased the size of its proposed IPO on the NYSE from up to 12,000,000 units to up to 16,000,000 Units.
GRC is offering the Units under the proposed IPO at US$5.00 per Unit. Each Unit will be comprised of one common share of GRC and one-half of a warrant.
|GoldMining Inc.||TSX : GOLD (Gold Royalty Corp.)|
|Market cap||C$305 m @ C2.07|
|Location||Various Latin American countries|
Gold Royalty Corp. Increases size of proposed IPO
Vancouver, British Columbia – March 1, 2021 – GoldMining Inc. (TSX: GOLD; NYSE AMERICAN: GLDG) (“GoldMining“) announced that its subsidiary, Gold Royalty Corp. (“GRC“), has further increased the size of its proposed initial public offering (the “IPO“) from up to 12,000,000 units (the “Units“) to up to 16,000,000 Units.
GRC is offering the Units under the proposed IPO at US$5.00 per Unit. Each Unit will be comprised of one common share of GRC and one-half of a warrant to purchase a common share. Each full warrant will entitle the holder thereof to acquire a common share at a price of US$7.50 per share for a period of three years. GRC has applied to list its common shares and warrants on the NYSE American under the symbols “GROY” and “GROY WS”, respectively.
Gold Royalty Corp. expects to grant the underwriters a 30-day option to purchase up to 15% of each of the number of common shares and/or warrants sold under the offering to cover over-allotments, if any.
H.C. Wainwright & Co., LLC and BMO Capital Markets are acting as the book-running managers and co-lead underwriters of a syndicate that includes CIBC Capital Markets, Haywood Securities, Raymond James Ltd., Roth Capital Partners, Scotiabank, Sprott Capital Partners L.P. and TD Securities Inc.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry.
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