GoldMining Inc. (TSX: GOLD)
Announced that its subsidiary, Gold Royalty Corp. has launched a roadshow for the proposed initial public offering of its units.
GRC is offering up to 6,000,000 Units under the IPO at a price of US$5.00 per Unit.
|GoldMining Inc.||TSX : GOLD|
|Market cap||C$318 m @ C2.16|
|Location||Various Latin American countries|
GoldMining Announces Launch of Gold Royalty Corp. IPO and Application to List on the NYSE American
FEBRUARY 16, 2021
Vancouver, British Columbia– February 16, 2021 –GoldMining Inc. (TSX: GOLD; NYSE: GLDG) (“GoldMining“) announced that its subsidiary, Gold Royalty Corp. (“GRC“) has launched a roadshow for the proposed initial public offering (the “IPO“) of its units (the “Units“). GRC is offering up to 6,000,000 Units under the IPO at a price of 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 one 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 the warrants on the NYSE American under the symbols “GROY” and “GROY WS”, respectively.
GRC 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.
The registration statement relating to the proposed IPO has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. An amended and restated preliminary prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada, other than Quebec, containing important information relating to the Units and remains subject to completion or amendment.
The securities under the IPO cannot be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective or until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada. A copy of the registration statement, including a prospectus contained therein, is available under GRC’s profile on EDGAR and a copy of the amended and restated preliminary prospectus is available under GRC’s profile on SEDAR.
The offering will be made only by means of a prospectus. Copies of the amended and restated preliminary prospectus may be obtained from H.C. Wainwright & Co., LLC, 430 Park Avenue, 3rd Floor, New York, NY 10022, or by email to firstname.lastname@example.org; BMO Capital Markets, 3 Times Square, 25th Floor, New York, NY 10036, Attn: Equity Syndicate Department, or by email to email@example.com; CIBC Capital Markets by email at firstname.lastname@example.org; Haywood Securities by email at email@example.com; Raymond James Ltd. by email at firstname.lastname@example.org; Roth Capital Partners by email at email@example.com; Scotiabank by email at firstname.lastname@example.org; Sprott Capital Partners L.P. by email at email@example.com; or TD Securities Inc. by email at firstname.lastname@example.org.
H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC are not registered as investment dealers in any Canadian jurisdictions and, accordingly, will not, directly or indirectly, solicit offers to purchase or sell Units in Canada.
No securities regulatory authority has either approved or disapproved of the contents of this news release. This release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of GRC, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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.
GRC is a wholly owned gold-focused royalty subsidiary of GoldMining Inc. GRC will hold Net Smelter Return (NSR) royalties ranging from 0.5% to 2% on each of GoldMining’s 17 projects with additional rights to buy-back NSRs on 9 of these 17 projects. Fifteen of the 17 royalties are associated with advance-stage resource and development projects.
GRC will retain exposure to resource expansion and future discoveries through its precious metal focused portfolio covering over 1,159 km2 (115,868 Ha) in mining friendly jurisdictions in five countries in the Americas.
Over the long-term, GoldMining will look to add new royalties to GRC and explore potential value-enhancing transactions, including a potential spin-off, initial public offering, sale, merger or other transactions that may increase shareholder value.
Commodities: Precious and Base Metals
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