Electric Royalties Announces Filing of Amended and Restated Offering Document
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has filed an amended and restated offering document for its brokered private placement. The offering includes up to 22,222,223 units at C$0.18 per unit, targeting gross proceeds up to $4 million. Each unit comprises one common share and one purchase warrant exercisable at C$0.25 for 2 years.
The key amendment introduces a minimum proceeds requirement of $1.5 million to ensure eligibility under the Listed Issuer Financing Exemption. Securities issued to Canadian residents (except Quebec) won't be subject to a hold period. The offering, led by Canaccord Genuity Corp. and Red Cloud Securities, is expected to close around January 9, 2025.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) ha presentato un documento di offerta modificato e rielaborato per il suo collocamento privato mediato. L'offerta comprende fino a 22.222.223 unità a C$0,18 per unità, con l'obiettivo di raccogliere proventi lordi fino a $4 milioni. Ogni unità è composta da una azione comune e un'opzione di acquisto esercitabile a C$0,25 per 2 anni.
La modifica principale introduce un requisito di proventi minimi di $1,5 milioni per garantire l'idoneità ai sensi dell'Esenzione per il finanziamento degli emittenti quotati. I titoli emessi a residenti canadesi (eccetto il Quebec) non saranno soggetti a un periodo di blocco. L'offerta, guidata da Canaccord Genuity Corp. e Red Cloud Securities, è prevista per chiudersi intorno al 9 gennaio 2025.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) ha presentado un documento de oferta enmendado y reestructurado para su colocación privada mediada. La oferta incluye hasta 22.222.223 unidades a C$0,18 por unidad, con un objetivo de presentar ingresos brutos de hasta $4 millones. Cada unidad consiste en una acción común y un warrant de compra ejercitable a C$0,25 durante 2 años.
La enmienda clave introduce un requisito de ingresos mínimos de $1,5 millones para asegurar la elegibilidad bajo la Exención de Financiamiento para Emisores Cotizados. Los valores emitidos a residentes canadienses (excepto Quebec) no estarán sujetos a un período de bloqueo. La oferta, liderada por Canaccord Genuity Corp. y Red Cloud Securities, se espera que finalice alrededor del 9 de enero de 2025.
전기 로열티 (TSXV:ELEC, OTCQB:ELECF)는 중개된 사모 배치를 위한 수정 및 보완된 제공 문서를 제출했습니다. 이 제공은 최대 22,222,223개 유닛을 C$0.18의 가격으로 포함하고 있으며, 총 수익 목표는 $4백만입니다. 각 유닛은 하나의 보통주와 2년 동안 C$0.25에 행사할 수 있는 한 개의 매입권을 포함합니다.
주요 수정 사항은 $1.5백만의 최소 수익 요건을 도입하여 상장 발행자 금융 면제의 적격성을 보장합니다. 퀘벡을 제외한 캐나다 거주자에게 발행된 증권은 대기 기간이 적용되지 않습니다. 이 제공은 Canaccord Genuity Corp.와 Red Cloud Securities가 주도하며, 2025년 1월 9일경에 마감될 것으로 예상됩니다.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) a déposé un document d'offre modifié et révisé pour sa placement privé médié. L'offre comprend jusqu'à 22.222.223 unités au prix de C$0,18 par unité, avec un objectif de recettes brutes pouvant atteindre $4 millions. Chaque unité se compose d'une action ordinaire et d'un bon de souscription exerçable à C$0,25 pendant 2 ans.
La modification clé introduit un exigence de recettes minimales de $1,5 million pour garantir l'éligibilité dans le cadre de l'Exemption de Financement pour les Émetteurs Cotés. Les titres émis aux résidents canadiens (sauf Québec) ne seront pas soumis à une période de blocage. L'offre, dirigée par Canaccord Genuity Corp. et Red Cloud Securities, devrait se clôturer aux alentours du 9 janvier 2025.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) hat ein geändertes und aktualisiertes Angebotsdokument für seine vermittelte Privatplatzierung eingereicht. Das Angebot umfasst bis zu 22.222.223 Einheiten zum Preis von C$0,18 pro Einheit, mit dem Ziel, Bruttoeinnahmen von bis zu $4 Millionen zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der für 2 Jahre zu C$0,25 ausgeübt werden kann.
Die wesentliche Änderung führt ein Mindestprovisionserfordernis von $1,5 Millionen ein, um die Berechtigung gemäß der Ausnahmegenehmigung für gelistete Emittentenfinanzierungen sicherzustellen. Wertpapiere, die an kanadische Bewohner (außer Quebec) ausgegeben werden, unterliegen keiner Haltedauer. Das Angebot, das von Canaccord Genuity Corp. und Red Cloud Securities geleitet wird, wird voraussichtlich um den 9. Januar 2025 geschlossen.
- No hold period for Canadian investors under Listed Issuer Financing Exemption
- Potential to raise up to $4 million in gross proceeds
- 2-year warrant coverage at C$0.25 provides additional upside potential
- Minimum $1.5 million proceeds requirement could risk offering completion
- Share dilution impact on existing shareholders
- 39% premium on warrant exercise price compared to unit price suggests significant upside needed for value
Not for distribution to United States newswire services or for dissemination in the United States
VANCOUVER, BC / ACCESSWIRE / December 27, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that it has filed an amended and restated offering document dated December 27, 2024 (the "A&R Offering Document") in connection with its previously announced brokered "best-efforts" private placement of up to 22,222,223 units of the Company (the "Units") for gross proceeds of up to approximately
Each Unit is priced at C
The terms of the Offering have been amended to provide that the Offering is subject to, and will not proceed without, the receipt by the Company of a minimum of
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in Canada (other than Québec residents) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). Because the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.
The Offering is now expected to close on or about January 9, 2025, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.
The A&R Offering Document related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and at www.electricroyalties.com. Prospective investors should read the A&R Offering Document before making an investment decision.
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.
Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.
Electric Royalties has a growing portfolio of 41 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.
For further information, please contact:
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
This news release includes certain forward-looking statements concerning the closing date of the Offering, the acceptance of the TSXV, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
SOURCE: Electric Royalties Ltd.
View the original press release on accesswire.com
FAQ
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