GoldMining's Subsidiary Gold Royalty Increases Size of Proposed IPO
GoldMining's Subsidiary Gold Royalty Increases Size of
Proposed IPO
VANCOUVER, BC
,
Feb. 24, 2021
/CNW/ -
GoldMining Inc. (TSX: GOLD) (NYSE AMERICAN: GLDG) ("
GoldMining
")
announced that its subsidiary, Gold Royalty Corp. ("
GRC
") has increased the size of its proposed initial public offering (the
"
IPO
") of its units (the "
Units
") from up to 6,000,000 Units to up to 12,000,0000 Units. GRC is offering the Units at a public
offering price of
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 one 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 the 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 second 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 second
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 second 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.
View original content:
http://www.prnewswire.com/news-releases/goldminings-subsidiary-gold-royalty-increases-size-of-proposed-ipo-301235014.html
SOURCE
GoldMining Inc.
View original content:
http://www.newswire.ca/en/releases/archive/February2021/24/c0742.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 16:08e 24-FEB-21