Core Viewpoint - Nations Royalty Corp. has announced a private placement offering to raise gross proceeds of C$10,000,000 by selling 6,250,000 units at C$1.60 per unit, with an option for underwriters to purchase an additional 1,250,000 units [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with the whole warrant allowing the purchase of one common share at C$2.25 within 36 months after the closing date [2]. - The offering is scheduled to close on January 30, 2026, subject to regulatory approvals, and the company will pay a 6.0% cash commission on the gross proceeds to the underwriters [7]. - The underwriters have the option to purchase up to an additional 1,250,000 units for gross proceeds of up to C$2,000,000 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for acquisitions of royalties, income and commodity streams, annual benefit payments, and working capital purposes [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in all provinces of Canada except Québec, and will also be available in the United States and other jurisdictions under applicable laws [5][8]. Group 4: Company Vision and Mission - Nations Royalty aims to unite First Nations and Indigenous groups across Canada, inviting external investors to participate as shareholders, focusing on economic reconciliation and capacity building for Indigenous Peoples in public companies and capital markets [9]. - The company has established five annual benefit payment entitlements related to various properties in Canada [10][12].
Nations Royalty Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million