Business
Nations Royalty Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION...
About this update from Nations Royalty Corp.
[{"type":"text","content":"Nations Royalty Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. VANCOUVER, BC / ACCESS Newswire / January 15, 2026 / Nations Royalty Corp. (TSX-V:NRC)(OTCQB:NRYCF)(FSE:Y96) (\"Nations Royalty\"or the\"Company\") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (\"Red Cloud\"), as co-lead underwriter and sole book runner, pursuant to which Red Cloud and Canaccord Genuity Corp. (collectively with Red Cloud, the \"Underwriters\"), as co-lead underwriter, have agreed to purchase for resale 6,250,000 units of the Company (the \"Units\") at a price of C$1.60 per Unit (the \"Offering Price\") on a \"bought deal\" basis in a private placement for gross proceeds of C$10,000,000 (the \"Underwritten Offering\").Each Unit will consist of one common share of the Company (each, a \"Unit Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a \"Warrant Share\") at a price of C$2.25 at any time on or before that date which is 36 months after the Closing Date (as herein defined).The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 1,250,000 Units at the Offering Price for additional gross proceeds of up to C$2,000,000 (the \"Over-Allotment Option\"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the \"Offering\".The Company intends to use the net proceeds of the Offering for acquisitions of royalties, income and commodity streams, annual benefit payments and similar interests, as well as for working capital purposes.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units under the Offering will be offered for sale to purchasers resident in all of the provinces of Canada except Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106...