Royal Road Announces C$10 Million Bought Deal Financing
NEWS RELEASE
Royal Road Announces C$10 Million Bought Deal Financing
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
July 14, 2020 – Toronto, Ontario: Royal Road Minera ls Limited (TSXV:RYR) (“Royal Road” or the
“Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters
led by Stifel GMP (the “Underwriters”), pursuant to which the Underwriters will purchase, on a bought deal
basis, 27,150,000 ordinary shares (the “Shares”) of the Company at a price of C$0.37 per Shares (the
“Offering Price”) for aggregate gross proceeds to the Company of C$10,045,500 (the “Offering”).
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional
4,072,500 Shares at the Offering Price, exercisable in whole or in part, at any time and from time to time
on or prior to the date that is 30 days following t he closing of the Offering to cover over-allotments , if any,
and for market stabilization purposes. If this option is exercised in full, an additional C$1,506,825 in gross
proceeds will be raised pursuant to the Offering an d the aggregate gross proceeds of the Offering will be
C$11,552,325.
The Company plans to use the net proceeds from the Offering to fund exploration expenditures at the
Company’s exploration projects in Nicaragua and Col ombia as well as for working capital and general
corporate purposes.
The Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except
Québec. The Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption
from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amende d,
and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.
The Offering is scheduled to close on or about August 4, 2020 and is subject to certain conditions including,
but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange
and the securities regulatory authorities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer, solicitation or sale would be
unlawful. The securities being offered have not bee n, nor will they be, registered under the United
States Securities Act of 1933, as amended (the “193 3 Act”) and may not be offered or sold in the
United States absent registration or an applicable exemption from the registration requirements of
the 1933 Act, as amended, and application state securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts respo nsibility for the adequacy or accuracy of this pres s
release.
Cautionary Statement Regarding Forward-Looking Information
This news release may contain certain information t hat constitutes forward-looking statements. Forward -
looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend, ”
“believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will”
occur and include statements regarding the use of p roceeds from the private placement transactions.
Forward-looking statements are based on the opinion s and estimates of management at the date the
statements are made, and are subject to a variety o f risks and uncertainties and other factors that co uld
cause actual events or results to differ materially from those projected in the forward-looking statem ents.
These factors include the inherent risks involved in financing transactions, exploration and development of
mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting
drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors
described above and in the Company’s most recent an nual information form under the heading “Risk
Factors”, which has been filed electronically by me ans of the Canadian Securities Administrators’ webs ite
located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking
statements if circumstances or management’s estimat es or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.