GoldMining's Subsidiary, Gold Royalty, Further Increases Size of Proposed Initial Public Offering
GoldMining's Subsidiary, Gold Royalty,
Further Increases Size of Proposed Initial
Public Offering
VANCOUVER, BC
,
March 1, 2021
/CNW/ - GoldMining Inc. (TSX: GOLD) (NYSE AMERICAN:
GLDG) ("
GoldMining
") announced that its subsidiary, Gold Royalty Corp. ("
GRC
"), has further
increased the size of its proposed initial public offering (the "
IPO
") from up to 12,000,000 units (the
"
Units
") to up to 16,000,000 Units.
GRC is offering the Units under the proposed IPO at
US$5.00
per Unit. Each Unit will be comprised
of one common share of GRC and one-half of a warrant to purchase a common share. Each full
warrant will entitle the holder thereof to acquire a common share at a price of
US$7.50
per share for
a period of three years. GRC has applied to list its common shares and warrants on the NYSE
American under the symbols "GROY" and "GROY WS", respectively.
GRC expects to grant the underwriters a 30-day option to purchase up to 15% of each of the
number of common shares and/or warrants sold under the offering to cover over-allotments, if any.
H.C. Wainwright & Co., LLC and BMO Capital Markets are acting as the book running managers
and co-lead underwriters of a syndicate that includes CIBC Capital Markets, Haywood Securities,
Raymond James Ltd., Roth Capital Partners, Scotiabank, Sprott Capital Partners L.P. and TD
Securities Inc.
A registration statement, including a prospectus, which is preliminary and subject to
completion, relating to the proposed IPO has been filed with the U.S. Securities and
Exchange Commission (the "SEC") on Form F-1 (File No. 333-
252036
) but has not yet
become effective. A third amended and restated preliminary prospectus has been filed with
the securities commissions or similar securities regulatory authorities in each of the
provinces and territories of
Canada
, other than
Quebec
, containing important information
relating to the Units and remains subject to completion or amendment. The securities under
the IPO cannot be sold nor may offers to buy be accepted prior to the time the registration
statement becomes effective with the SEC or until a receipt for the final prospectus has been
issued by the relevant securities commissions in
Canada
. A copy of the registration
statement, including the preliminary prospectus contained therein, is available under GRC's
profile on EDGAR and a copy of the third amended and restated preliminary prospectus is
available under GRC's profile on SEDAR.
The offering will be made only by means of a prospectus. Copies of the third amended and
restated preliminary prospectus may be obtained from H.C. Wainwright & Co., LLC, 430 Park
Avenue, 3rd Floor,
New York, NY
10022, or by email to
; BMO
Capital Markets, 3 Times Square, 25th Floor,
New York, NY
10036, Attn: Equity Syndicate
Department, or by email to
; CIBC Capital Markets by email at
; Haywood Securities by email at
; Raymond James Ltd. by email at
; Roth Capital
Partners by email at
; Scotiabank by email at
; Sprott Capital Partners L.P. by email at
; or TD Securities Inc. by email at
.
H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC are not registered as investment
dealers in any Canadian jurisdictions and, accordingly, will not, directly or indirectly, solicit offers to
purchase or sell Units in
Canada
.
No securities regulatory authority has either approved or disapproved of the contents of this
news release. This release shall not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities of GRC, and shall not constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of that jurisdiction.
About GoldMining Inc.
GoldMining Inc. is a public mineral exploration company focused on the acquisition and development
of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls
a diversified portfolio of resource-stage gold and gold-copper projects in
Canada
,
U.S.A.
,
Brazil
,
Colombia
and
Peru
.
About Gold Royalty Corp.
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the
metals and mining industry.
Forward Looking Statements
This press release contains certain forward-looking statements, including forward-looking
information within the meanings of applicable Canadian securities laws. Such statements include
statements with regard to the proposed IPO. Words such as "expects", "anticipates" and "intends"
or similar expressions are intended to identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting future results and conditions and
no assurance can be given that the IPO will be completed on the terms described, or at all.
Completion of the IPO and the terms thereof are subject to numerous factors, many of which are
beyond GoldMining and GRC's respective control, including, without limitation, failure of
customary closing conditions and the risk factors and other matters set forth in GRC's preliminary
prospectus. Neither GoldMining nor GRC undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise,
except as may be required by law.
SOURCE
GoldMining Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2021/01/c8617.html
%SEDAR: 00031036E
For further information:
GoldMining Inc. / Gold Royalty Corp., Telephone: (855) 630-1001, Email:
[email protected], Email: [email protected]
CO: GoldMining Inc.
CNW 16:22e 01-MAR-21