Royalty North Closes Subscription Receipt Private Placement
Royalty North Closes Subscription Receipt Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 9, 2022) - Royalty North Partners Ltd. (TSXV: RNP) (the "Company" or "RNP") is pleased to announce that, further to its news release dated February 22, 2022, the Company has completed its subscription receipt financing (the "Private Placement") of 32,121,262 subscription receipts (the "Subscription Receipts"). The Private Placement was conducted pursuant to the previously announced reverse takeover transaction (the "Transaction") with Sandstorm Gold Ltd. ("Sandstorm") whereby RNP will acquire certain copper-gold assets from Sandstorm, repositioning RNP as a high-growth copper mining company. The assets acquired by RNP include a 30% equity interest in the Hod Maden copper-gold project and approximately 49.7 million shares in Entrée Resources Ltd. Closing of the Private Placement satisfies the financing condition of the proposed Transaction.
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年3月9日)-Royalty North Partners Ltd.(TSXV：RNP)(The公司“或”RNP)欣然宣佈，繼於2022年2月22日發佈新聞稿後，本公司已完成認購收據融資(私募配售“)，共32,121,262張認購收據(”認購收據“)。是次私募是根據先前公佈的反向收購交易(”交易記錄“)與沙塵暴黃金有限公司(”沙塵暴“)，RNP將從沙塵暴收購某些銅金資產，將RNP重新定位為一家高增長的銅礦公司。RNP收購的資產包括Hod Maden銅金礦項目30%的股權和Entrée Resources Ltd約4970萬股。私募的完成滿足了擬議交易的融資條件。
The Subscription Receipts were issued at a price of $0.60 per Subscription Receipt for total gross proceeds of $19,272,757, which funds will be held in escrow by the Company until the closing of the Transaction and the satisfaction of certain escrow release conditions (collectively, the "Release Conditions"). Each Subscription Receipt, upon satisfaction of the Release Conditions, will automatically convert into one unit (a "Unit"), with each Unit comprising of one common share of the Company and one common share purchase warrant of the Company (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one additional common share of the Company at a price of $0.80 for a period of five years following the automatic conversion of the Subscription Receipts. If the Release Conditions are not met within 180 days of closing of the Private Placement, then all of the Subscription Receipts will be cancelled and all funds will be released from escrow and returned to subscribers.
認購收據以每張認購收據0.6美元的價格發行，總收益為19,272,757美元，這些資金將由公司託管，直到交易結束和滿足某些託管釋放條件(統稱為釋放條件)。每張認購收據在滿足發放條件後，將自動轉換為一個單位(a單位)，每個單位包括一股本公司普通股和一股本公司普通股認購權證(a搜查令每份認股權證持有人將有權在認購收據自動轉換後的五年內，以0.80美元的價格額外購買一股本公司普通股。如果在私募結束後180天內未能滿足發行條件，則所有認購收據將被註銷，所有資金將從第三方託管中釋放並退還給認購人。
The Private Placement was conducted on a non-brokered private placement basis and finders' fees will be paid in association with the Private Placement of $401,119 (the "Finders' Fees"), of which $12,600 will be settled by cash and $388,519 will be settled by the issuance of units (the "Finder Units") at a price of $0.60 per Finder Unit, which Finder Units will be issued on the same terms of the Units. The Finders' Fees will only be paid by the Company upon the automatic conversion of the Subscription Receipts.
是次私募是以非經紀私募方式進行，與私募有關的尋找人費將為401,119元(“尋獲人手續費“)，其中12,600美元將以現金結算，388,519美元將通過發行單位(”查找器單元“)，每個查冊單位售價0.60元，而查冊單位的發行條款與該等單位相同。本公司只會在認購收據自動轉換後支付查冊費用。
The net proceeds of the Private Placement will be used to help fund the Company's interest in the Hod Maden asset, the potential acquisition of other assets, as well as for general working capital. All securities issued pursuant to the Private Placement are subject to a four month and one day hold period in accordance with applicable Canadian securities laws, expiring on July 9, 2022.
私募的淨收益將用於為公司在Hod Maden資產中的權益、其他資產的潛在收購以及一般營運資金提供資金。根據私募發行的所有證券，根據適用的加拿大證券法，均有4個月零1天的持有期，2022年7月9日到期。
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange (the "TSX-V") final acceptance and, if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
交易的完成受制於一系列條件，包括但不限於多倫多證券交易所創業板(TSX Venture Exchange)(“TSX-V“)最終接受，並在適用的情況下獲得公正的股東批准。在適用的情況下，在獲得所需的股東批准之前，交易不能完成。不能保證交易將按建議完成，或者根本不能保證交易完成。
Investors are cautioned that, except as disclosed in the information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of RNP should be considered highly speculative.
請投資者注意，除非在與交易相關的信息通函中披露，否則發佈或收到的有關交易的任何信息都可能不準確或不完整，不應依賴。RNP的證券交易應被視為高度投機性。
The TSX-V has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.
多倫多證券交易所-V沒有以任何方式傳遞交易的優點，也沒有批准或反對本新聞稿的內容。
Trading in the common shares of RNP is currently halted and it is not anticipated that trading in the common shares of RNP will resume prior to completion of the Transaction.
RNP普通股的交易目前已暫停，預計交易完成前RNP普通股的交易不會恢復。
This news release does not constitute an offer to sell and is not a solicitation of an offer to buy any securities in the United States. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to "U.S. Persons" (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration.
本新聞稿不構成出售要約，也不是在美國招攬購買任何證券的要約。公司的證券沒有也不會根據修訂後的“1933年美國證券法”(“美國證券法”)或任何州證券法註冊，除非根據“美國證券法”和適用的州證券法註冊或根據豁免註冊，否則不得在美國境內或向“美國人”(定義見“美國證券法”)進行發行或銷售。
For more information, please contact:
如需更多信息，請聯繫：
Victoria McMillan, Chief Financial Officer
Royalty North Partners Ltd.
Phone: (604) 628-1033
首席財務官維多利亞·麥克米蘭(Victoria McMillan)
北方版税合夥有限公司
電話：(604)628-1033
Forward Looking Information
前瞻性信息
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, statements regarding the automatic conversion of Subscription Receipts, the use of net proceeds of the Private Placement, payment of Finders' Fees and the terms of the Transaction. Although RNP believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
本新聞稿包含符合加拿大證券法的前瞻性信息。這些信息包括但不限於關於認購收據的自動轉換、私募淨收益的使用、查找人費用的支付以及交易條款的陳述。儘管RNP認為這樣的信息是合理的，但它不能保證這樣的預期將被證明是正確的。
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. RNP cautions investors that any forward-looking information provided by RNP is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: RNP's ability to complete the Transaction; the expected timing and terms of the Transaction, the state of the financial markets for RNP's securities; the state of the natural resources sector in the event the Transaction is completed; recent market volatility and potentially negative capital raising conditions resulting from the continued COVID-19 pandemic and risks relating to the extent and duration of such pandemic and its impact on global markets; RNP's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that RNP is unaware of at this time.
前瞻性信息通常由諸如“相信”、“預期”、“預期”、“打算”、“估計”、“假設”和類似的表達來識別，或者是那些從本質上指未來事件的詞語。加拿大皇家銀行提醒投資者，法國巴黎銀行提供的任何前瞻性信息都不能保證未來的結果或業績，實際結果可能由於各種因素而與前瞻性信息中的結果大不相同，這些因素包括但不限於：加拿大皇家銀行完成交易的能力；交易的預期時機和條款；法國巴黎銀行證券的金融市場狀況；交易完成後自然資源部門的狀況；最近的市場波動和持續的新冠肺炎疫情導致的潛在負面融資條件，以及與以下方面有關的風險：RNP籌集必要資本的能力或完全能夠實施其業務戰略的能力；以及RNP目前沒有意識到的其他風險和因素。
The forward-looking statements contained in this news release are made as of the date of this news release. RNP disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
本新聞稿中包含的前瞻性陳述是截至本新聞稿發佈之日作出的。除非法律要求，否則RNP不會因為新信息、未來事件或其他原因而更新或修改任何前瞻性陳述，也不承擔任何義務。
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
不得在美國境內傳播或分發給美國通訊社
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譯文內容由第三人軟體翻譯。