Source: Nomad Royalty Company Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nomad Royalty Company Ltd. (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.
  • Sandstorm will acquire all the outstanding shares of the Nomad for a consideration of 1.21 common shares of the purchaser per Nomad share
  • After the closing of the acquisition, Sandstorm will hold a portfolio of 250 royalties
  • Nomad Royalty Company Ltd. (NSR) is up 5.27 per cent trading at C$9.78 per share as of 3:00 pm ET

Nomad Royalty Company (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.

Sandstorm will acquire all the outstanding shares of the Nomad for 1.21 common shares of Sandstorm per Nomad share.

Once the acquisition has closed, Sandstorm will hold a portfolio of 250 royalties.

The arrangement is expected to be effective by August 15, 2022. Nomad expects to delist its common shares from the Toronto Stock Exchange, the New York Stock Exchange, and the Frankfurt Stock Exchange and to delist its listed warrants from the TSX.

Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine.

Nomad is a royalty mining company. The company purchases rights to a certain percentage of the gold or silver produced from a mine, typically for the life of the mine. It generates revenues from Gold Streams, Silver Streams, Royalties, and Gold Prepay loans. The portfolio includes Woodlawn property, Blyvoor property, Gualcamayo property, Suruca property, and other properties. Its geographical segments are North America, South America, Africa, and Australia.

Nomad Royalty Company Ltd. (NSR) is up 5.27 per cent trading at C$9.78 per share as of 3:00 pm ET.


More From The Market Herald

" Discovery Silver (TSXV:DSV) sees expansion potential with final phase 2 drill holes at Cordero

Discovery Silver (DSV) released the results of the final 26 drill holes from the second phase of its drill program at Cordero.
Falcon Gold - CEO, Karim Rayani.

" Falcon Gold (TSXV:FG) completes airborne magnetic survey over Gaspard Gold Project

Falcon Gold (FG) has finalized an airborne magnetic survey over the Gaspard Gold Project in B.C.

" Hudson Resources (TSXV:HUD) announces shares for debt transactions

Hudson Resources (HUD) has agreed to issue 3,233,333 common shares at a price of C$0.05 per share in settlement of debts.

" Skyharbour (TSXV:SYH) signs option agreement with Yellow Rocks Energy to option the Wallee and Usam Island Uranium projects

Skyharbour Resources (SYH) has signed an option agreement with Yellow Rocks Energy Ltd, a private Australian entity.