- 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.
