leadf
logo-loader
viewNomad Royalty

Nomad Royalty Company eyeing financial flexibility as it files preliminary short form prospectus in Canada

The offerings could be for common shares, preference shares, subscription receipts, warrants, debt securities, units or a combination

Nomad Royalty -
Nomad already owns a portfolio of 11 royalty, stream, and gold loan assets, of which five are on currently producing mines

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.

READ: Nomad Royalty appoints experienced banking executive, Susan Kudzman to its board of directors

"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.

Contact the author at giles@proactiveinvestors.com

Quick facts: Nomad Royalty

Price: 1.12 CAD

TSX:NSR
Market: TSX
Market Cap: $632.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Nomad Royalty named herein, including the promotion by the Company of Nomad Royalty in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Nomad Royalty has ambitions of becoming next 'large tier mining royalty company'

Proactive Research analyst Ryan Long says Nomad Royalty Company Ltd (TSE:NSR) has a diversified portfolio of large cash flow and near-term cash flow generating mining assets. He says around 50% of its NAV currently comes from cash flow generating assets and that's expected to increase to 85% in...

on 21/9/20

2 min read