GoldMining To Launch Gold Royalty IPO

(GoldMining, 16.Feb.2021) — GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC) has launched a roadshow for the proposed initial public offering (IPO) of its units. GRC is offering up to 6,000,000 units under the IPO at a price of $5/unit.

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 $7.50/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.

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. 

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.

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