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TRIPLE FLAG AND MAVERIX TO COMBINE: BUILDING THE NEXT SENIOR PRECIOUS METALS STREAMING AND ROYALTY COMPANY
TRIPLE FLAG AND MAVERIX TO COMBINE: BUILDING THE NEXT SENIOR PRECIOUS METALS STREAMING AN...
About this update from Triple Flag Precious Metals Corp.
[{"type":"text","content":"\n \n \n \n TRIPLE FLAG AND MAVERIX TO COMBINE: BUILDING THE NEXT SENIOR PRECIOUS METALS STREAMING AND ROYALTY COMPANY\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Combined company to benefit from a larger, more diversified portfolio generating strong cash flows and a sector-leading organic growth profile\n \n \n \n \n All dollar figures in US dollars unless otherwise stated.\n \n \n \n \n \n TORONTO\n \n and\n \n VANCOUVER\n \n , BC\n \n ,\n \n \n Nov. 10, 2022\n \n \n /CNW/ – Triple Flag Precious Metals Corp. (TSX: TFPM) (NYSE: TFPM) (\"Triple Flag\") and Maverix Metals Inc. (TSX: MMX) (NYSE American: MMX) (\"Maverix\") today announced that they have entered into a definitive agreement (the \"Agreement\") in which Triple Flag will acquire all of the issued and outstanding common shares of Maverix pursuant to a Plan of Arrangement (the \"Transaction\"), positioning Triple Flag as the leading emerging senior streaming and royalty company.\n \n \n The Transaction will combine two complementary portfolios of predominantly gold and silver streams and royalties, creating a company that will:\n \n \n \n Deliver increased scale and enhanced diversification, with 29 paying assets and 228 assets overall;\n \n \n Feature gold and silver assets in good mining jurisdictions: by net asset value (\"NAV\"), 93% of the portfolio comprises precious metals and 82% is located in the Americas and\n \n Australia\n \n ;\n \n \n Strengthen Triple Flag's already-robust organic growth pipeline in gold equivalent ounces (\"GEOs\"); and\n \n \n Target tangible pre-tax synergies of around\n \n $7 million\n \n annually.\n \n \n \n This combination &...