Nomad Royalty Company Ltd (TSE:NSR) (OTCQX:NSRXF) announced Thursday evening it had filed a final base shelf prospectus with provincial regulators to 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 company said.
Montreal-based Nomad added that it has “no immediate plans” to issue securities under the prospectus.
READ: Nomad Royalty Company eyeing financial flexibility as it files preliminary short form prospectus in Canada
A base shelf prospectus is common practice in Canada, as it allows companies to undergo the applicable Canadian regulatory review process before starting any offer of securities.
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.
Giles Gwinnett contributed to this report
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