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GoldMining Announces Launch of Gold Royalty IPO and Application to List on the NYSE American
GoldMining Announces Launch of Gold Royalty IPO and Application to List on the NYSE Ameri...
About this update from Goldmining Inc.
[{"type":"text","content":"\n \n \n \n GoldMining Announces Launch of Gold Royalty IPO and Application to List on the NYSE American\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 16, 2021\n \n /CNW/ - GoldMining Inc. (TSX: GOLD) (NYSE: GLDG) (\"\n \n GoldMining\n \n \") announced that its subsidiary, Gold Royalty Corp. (\"\n \n GRC\n \n \") has launched a roadshow for the proposed initial public offering (the \"\n \n IPO\n \n \") of its units (the \"\n \n Units\n \n \"). GRC is offering up to 6,000,000 Units under the IPO at a price of\n \n US$5.00\n \n per Unit.\n \n \n Each Unit will be comprised of one common share of GRC and one-half of a warrant to purchase a common share. Each full warrant will entitle the holder thereof to acquire one common share at a price of\n \n US$7.50\n \n per share for a period of three years. GRC has applied to list its common shares and the warrants on the NYSE American under the symbols \"GROY\" and \"GROY WS\", respectively.\n \n \n GRC expects to grant the underwriters a 30-day option to purchase up to 15% of each of the number of common shares and/or warrants sold under the offering to cover over-allotments, if any.\n \n \n H.C. Wainwright & Co., LLC and BMO Capital Markets are acting as the book running managers and co-lead underwriters of a syndicate that includes CIBC Capital Markets, Haywood Securities, Raymond James Ltd., Roth Capital Partners, Scotiabank, Sprott Capital Partners L.P. and TD Securities Inc.\n \n \n \n The registration statement relating to the proposed IPO has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. An amended and restated preliminary prospectus has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of\n \n Canada\n \n , other than\n \n Quebec\n \n , containing important information relating to the Units and remains subject to completion or amendment. The securities under the IPO cannot be sold nor may offers to buy be accepted pr...