Nomad Royalty Company Ltd (TSX:NSR) said it was providing itself with greater financial flexibility in the future as it filed a preliminary short form base shelf prospectus with regulators in Canada, which would allow it to make offerings up to a maximum of US$300 million over 25 months.
The offerings could be for common shares, preference shares, subscription receipts, warrants, debt securities, units or a combination of these, the firm said.
"Nomad has filed this preliminary base shelf prospectus in order to provide the company with greater financial flexibility going forward, but has not entered into any agreement or arrangement to authorize or offer any securities at this time," the gold and silver-focused royalty company said in a statement.
It added it had "no immediate plans to issue securities under the base shelf prospectus, and indeed may never issue any securities under this prospectus".
Nomad, which started trading in Toronto in May this year after a reverse takeover, already owns a portfolio of 11 royalty, stream, and gold loan assets, of which five are on currently producing mines.
It plans to grow and diversify its low-cost production profile through the acquisition of additional producing and near-term producing streams and royalties.
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