Royalty North Enters into Share Purchase Agreement to Purchase Entree Shares
Royalty North Enters into Share Purchase Agreement to Purchase Entree Shares
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2022) - Royalty North Partners Ltd. (TSXV: RNP) ("RNP" or the "Company") announces that it has entered into a share purchase agreement (the "Share Purchase Agreement") with Sandstorm Gold Ltd. ("Sandstorm") whereby it will acquire (the "Entrée Share Purchase") an approximately 25.2% stake in Entrée Resources Ltd. ("Entrée"). The Entrée Share Purchase will be completed in connection with RNP's previously announced reverse takeover transaction (the "RTO Transaction") with Sandstorm whereby RNP will acquire certain copper-gold assets from Sandstorm, repositioning RNP as a high-growth copper mining company. Please see RNP's news releases dated February 17, 2022 and May 2, 2022 for additional information on the RTO Transaction.
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年5月26日)-Royalty North Partners Ltd.(TSXV：RNP)(“RNP“或”公司“)宣佈已訂立股份購買協議(”股份購買協議“)與沙塵暴黃金有限公司(”沙塵暴“)，藉此它將獲得(”入股申購“)持有Entrée Resources Ltd.約25.2%的股份(”主菜“)。Entrée股票購買將與RNP先前宣佈的反向收購交易(”)一起完成。RTO 交易記錄“)與沙塵暴達成協議，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。有關RTO交易的更多信息，請參閲RNP於2022年2月17日和2022年5月2日發佈的新聞稿。
Pursuant to the Entrée Share Purchase, RNP will acquire, through its wholly-owned subsidiary, 1363013 B.C. Ltd., 49,672,515 common shares in the capital of Entrée (the "Entrée Shares") from Sandstorm for a deemed value of C$0.87 per Entrée Share, in consideration for a promissory note in the principal amount of C$43.2 million. The promissory note will be secured by a security interest over the Entrée Shares sold to RNP.
根據Entrée股份購買，RNP將通過其全資子公司1363013 B.C.Ltd.收購Entrée資本中的49,672,515股普通股。Entrée股份“)來自沙塵暴公司，作價為每股0.87加元，作為本金4,320萬加元的期票的代價。該期票將以出售給RNP的期票的擔保權益為擔保。
The Entrée Share Purchase is subject to corporate and regulatory approvals, including TSX Venture Exchange ("TSXV") approval and is expected to be completed on or about May 31, 2022.
Entrée股票購買還有待公司和監管部門的批准，包括多倫多證券交易所創業板(TSX)(“TSX Venture Exchange”)。TSXV“)批准，預計於2022年5月31日左右完成。
Early Warning Disclosure
預警信息披露
Pursuant to the Entrée Share Purchase, RNP will acquire, through 1363013 B.C. Ltd., from Sandstorm, 49,672,515 Entrée Shares at a deemed value of C$0.87 per Entrée Share. Prior to the Entrée Share Purchase, RNP did not own any common shares of Entrée. Following the Entrée Share Purchase, RNP will own 49,672,515 Entrée Shares, representing approximately 25.2% of the issued and outstanding common shares of Entrée on a non-diluted and diluted basis.
根據Entrée股票購買，RNP將通過公元前1363013年從沙塵暴公司收購49,672,515股Entrée股票，每股Entrée股票的被認為價值為0.87加元。在Entrée購股之前，RNP並不擁有Entrée的任何普通股。在Entrée購股後，RNP將擁有49,672,515股Entrée股票，相當於Entrée已發行和已發行普通股的約25.2%，按非稀釋和稀釋的基礎計算。
Prior to the Entrée Share Purchase, Sandstorm owned 49,672,515 Entrée Shares, representing approximately 25.2% of the issued and outstanding common shares of Entrée on a non-diluted and diluted basis. Following the completion of the Entrée Share Purchase, Sandstorm will not own any common shares of Entrée.
在Entrée股票購買之前，沙塵暴公司擁有49,672,515股Entrée股票，約佔Entrée在非稀釋和稀釋基礎上已發行和已發行普通股的25.2%。在Entrée股票購買完成後，沙塵暴公司將不再擁有Entrée的任何普通股。
The Entrée Share Purchase is being completed pursuant to the terms of an amended and restated letter of intent entered into between RNP and Sandstorm in connection with the RTO Transaction. Depending on market conditions and other factors, RNP may, from time to time, acquire additional securities of Entrée, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
根據RNP與沙塵暴就RTO交易簽訂的修訂和重述意向書的條款，Entrée股票購買正在完成。根據市場狀況和其他因素，RNP可能會不時收購Entrée的額外證券，出售其持有或將持有的部分或全部現有或額外證券，或可能繼續持有其目前的頭寸。
The 49,672,515 Entrée Shares will be purchased by way of private agreement with a single vendor at a price less than 115% of the "market price" of the common shares of Entrée in reliance on the "private agreement exemption" in Section 4.2 of National Instrument 62-104 Take-Over Bids and Issuer Bids.
49,672,515股Entrée股票將根據《國家文書62-104》第4.2節中的“私人協議豁免”，以低於Entrée普通股“市場價格”的115%的價格，以與單一賣家的私人協議方式購買接管投標和發行人投標.
Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, an Early Warning Report containing additional information with respect to the foregoing matters will be filed by the Company on Entrée's SEDAR profile at . To obtain a copy of the report, contact Victoria McMillan, Chief Financial Officer of RNP at (604) 628 1033. Entrée's head office is located at 1066 West Hastings Street, Suite 1650, Vancouver, BC V6E 3X1, and RNP's head office is located at Suite 1400, 400 Burrard Street, Vancouver, BC V6C 3A6.
根據《國家文書》62-103-早期預警系統及相關收購要約和內幕報告問題，公司將在Entrée的SEDAR檔案中提交一份包含與上述事項有關的其他信息的預警報告，地址為。要獲得該報告的副本，請聯繫RNP首席財務官維多利亞·麥克米蘭，電話：(604)628 1033。Entrée的總部位於温哥華西黑斯廷斯街1066號，Suite 1650，BC V6E 3X1，RNP總部位於1400 Suite，400 Burrard Street，温哥華，BC V6C 3A6。
For more information about Royalty North Partners Ltd., please contact:
欲瞭解有關Royalty North Partners Ltd.的更多信息，請聯繫：
Victoria McMillan
Chief Financial Officer
維多利亞·麥克米蘭
首席財務官
Phone: (604) 628-1033
電話：(604)628-1033
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.
TSXV及其監管服務提供商(該術語在TSXV的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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, information regarding the completion of the Entrée Share Purchase and the RTO Transaction and TSXV approval of the Entrée Share Purchase. Although RNP believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
本新聞稿包含加拿大證券法所指的前瞻性信息。該等資料包括但不限於有關完成入股及RTO交易及多倫多證券交易所批准入股的資料。儘管RNP認為這些信息是合理的，但它不能保證這種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 Entrée Share Purchase and the RTO; the failure to obtain TSXV approval of the Entrée Share Purchase, 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”等詞語和類似的表述來識別，或者是那些從本質上指未來事件的詞語。RNP提醒投資者，RNP提供的任何前瞻性信息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：RNP完成入門股票購買和RTO的能力；未能獲得TSXV批准入門股票購買；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；以及與這種大流行的程度和持續時間及其對全球市場的影響有關的風險；RNP籌集必要資本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在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。
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