Electric Royalties Announces Filing of Preliminary Short Form Base Shelf Prospectus
Electric Royalties Announces Filing of
Preliminary Short Form Base Shelf
Prospectus
All amounts in Canadian dollars unless otherwise stated
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO
THE
UNITED STATES
/
VANCOUVER, BC
,
Sept. 2, 2021
/CNW/ -
Electric Royalties Ltd.
(TSXV: ELEC) ("
Electric
Royalties
" or the "
Company
") is pleased to announce today that it has filed, and received a receipt
for, a preliminary short form base shelf prospectus (the "
Prospectus"
). The Prospectus was filed
with the securities regulatory authorities in each of the Provinces of
Canada
, other than
Quebec
. The
Prospectus was filed to provide the Company with financial flexibility and efficient access to
Canadian capital markets to pursue its growth initiatives, which include the acquisition of additional
royalties. A copy of the Prospectus is available under the Company's profile on SEDAR at
www.sedar.com
.
Once a receipt for the final Prospectus is received from the applicable securities regulators, the final
Prospectus will be valid for a 25-month period during which time the Company will be permitted to
offer up to
$100 million
of common shares, warrants, subscription receipts, debt securities, or any
combination thereof, including in the form of units (collectively, the "Securities").
If any Securities are offered under the Prospectus, the terms of any such Securities and the
intended use of the net proceeds resulting from such offering would be established at the time of any
offering and would be described in a prospectus supplement filed with the applicable Canadian
securities regulatory authorities at the time of such offering and would be made available by Electric
Royalties.
This press release does not constitute an offer to sell or the solicitation of an offer to buy Securities,
nor will there be any sale of the Securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under securities laws of any such
jurisdiction.
On Behalf of the Board of Directors,
Brendan Yurik
CEO
About Electric Royalties Ltd
.
Electric Royalties is a royalty company established to take advantage of the demand for a wide
range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc & copper)
that will benefit from the drive toward electrification of a variety of consumer products: cars,
rechargeable batteries, large scale energy storage, renewable energy generation and other
applications.
Electric vehicle sales, battery production capacity and renewable energy generation are slated to
increase significantly over the next several years and with it, the demand for these targeted
commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and
projects that will supply the materials needed to feed the electric revolution.
Electric Royalties has a growing portfolio of 16 royalties and is focused predominantly on acquiring
royalties on advanced stage and operating projects to build a diversified portfolio located in
jurisdictions with low geopolitical risk.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statements Regarding Forward-Looking Information and Other Company
Information
This news release includes forward-looking information and forward-looking statements
(collectively, "forward-looking information") with respect to the Company within the meaning of
Canadian securities laws. Forward looking information is typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. This information represents predictions and actual
events or results may differ materially. Forward-looking information may relate to the Company's
future outlook and anticipated events and may include statements regarding the financial results,
future financial position, expected growth of cash flows, business strategy, budgets, projected
costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth
opportunities of the Company and the projects in which it holds royalty interests.
While management considers these assumptions to be reasonable, based on information
available, they may prove to be incorrect. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company or these projects to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. These
risks, uncertainties and other factors include, but are not limited to risks associated with general
economic conditions; adverse industry events; marketing costs; loss of markets; future legislative
and regulatory developments involving the renewable energy industry; inability to access sufficient
capital from internal and external sources, and/or inability to access sufficient capital on favourable
terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax
and regulatory matters; the ability of the Company or the owners of these projects to implement
their business strategies including expansion plans; competition; currency and interest rate
fluctuations, and the other risks.
The reader is referred to the Company's most recent filings on SEDAR for a more complete
discussion of all applicable risk factors and their potential effects, copies of which may be
accessed through the Company's profile page at
www.sedar.com
.
SOURCE
Electric Royalties Ltd.
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For further information:
please contact: Brendan Yurik Tel: (604) 364-3540,
[email protected], www.electricroyalties.com
CO: Electric Royalties Ltd.
CNW 07:45e 02-SEP-21