Electric Royalties Ltd. Announces Up to C$4 Million “Best Efforts” Private Placement
Electric Royalties Ltd. Announces
Up to C$4 Million “Best Efforts” Private Placement
Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, BRITISH COLUMBIA – December 9, 2024 – Electric Royalties Ltd. (TSXV: ELEC) (the
“Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and
Red Cloud Securities Inc. (the “Agents”), pursuant to which the Agents have agreed to act as agents, on a “best
efforts” basis, in connection with a private placement of up to 22,222,223 units of the Company (the “Units”) at
a price of C$0.18 per Unit (the “ Issue Price ”) for gross proceeds of up to approximately C$4 million (the
“Offering”).
Each Unit will be comprised of one common share of the Company (each, a “Common Share”) and one common
share purchase warrant of the Company (each whole common share purchase warrant, a “ Warrant”). Each
Warrant will entitle the holder thereof to purchase one common share of the Company (each, a “ Warrant
Share”) at an exercise price of C$0.25 per Warrant Share for a period of 2 years following the closing of the
Offering.
The net proceeds of the Offering will be used to complete the acquisition of the 0.75% Gross Revenue Royalty
relating to the Punitaqui copper mine in Chile und for general corporate purposes.
The Offering is expected to close on or about December 20, 2024, or such other date as the Company and the
Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary
regulatory and other approvals including the acceptance of the TSX Venture Exchange.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-
106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale to purchasers resident in Canada
(other than Québec residents) and/or other qualifying jurisdictions pursuant to the listed issuer financing
exemption under Part 5A of NI 45-106 (the “ Listed Issuer Financing Exemption ”). Because the Offering is
being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident
subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.
There is an offering document related to the Offering that can be accessed under the Company’s profile at
www.sedarplus.ca and at www.electricroyalties.com. Prospective investors should read this offering document
before making an investment decision.
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 and 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 fuel the electric revolution. Electric Royalties has
a growing portfolio of 41 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper
across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating
projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors
exposure to the clean energy transition via the underlying commodities required to rebuild the global
infrastructure over the next several decades toward a decarbonized global economy.
For further information, please contact:
Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364-3540 Email:
[email protected] https://www.electricroyalties.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform,
accepts responsibility for the adequacy or accuracy of this release
Cautionary and Forward-Looking Statements
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United
States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 , as
amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account
or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable
state securities laws, or an exemption from such registration requirements is available.
This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the closing date of
the Offering, the reliance on the Lister Issuer Financing Exemption, acceptance of the TSXV, the future performance of our
business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and
intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”,
“estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current
opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of
assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating
commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings
available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking
statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-
looking statements except as required by applicable law.