GoldMining Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering by Gold Royalty

Rhea-AI Summary

GoldMining announces its subsidiary, Gold Royalty Corp., has submitted a confidential draft registration statement on Form F-1 to the SEC for a proposed initial public offering (IPO) in the U.S. The IPO is contingent upon SEC review and market conditions, with the specifics regarding the number of securities and pricing yet to be determined. This release serves as a notice and does not constitute an offer to sell or solicit securities.

Positive

• Potential capital raise from the IPO could enhance Gold Royalty's financial position and growth opportunities.

Negative

• The lack of specific details regarding the number of securities and pricing may create uncertainty in investor sentiment.
• Confidential submission may indicate that the company is still in the early stages of the offering process.

VANCOUVER, BC, Dec. 8, 2020 /PRNewswire/ - GoldMining Inc. (TSX: GOLD) (NYSE: GLDG) announces that its subsidiary, Gold Royalty Corp. ("Gold Royalty"), has confidentially submitted a draft registration statement on Form F-1 with the Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of Gold Royalty's securities in the United States. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions. The number of securities to be sold and the pricing thereof has not been determined.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended ("Securities Act") and applicable Canadian securities laws. This announcement is being issued pursuant to and in accordance with Rule 135 under the Securities Act.

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SOURCE GoldMining Inc.

FAQ

What is the proposed IPO for Gold Royalty Corp. related to GLDG?

Gold Royalty Corp. has submitted a draft registration statement for an IPO with the SEC, which is expected to proceed after the review.

When is Gold Royalty Corp.'s IPO expected to take place?

The IPO timing depends on the SEC's review process and current market conditions.

What does the submission of the draft registration statement mean for GLDG investors?

It signifies potential fundraising efforts, but details like pricing and the number of securities remain undecided.

Will there be any risks associated with the IPO of Gold Royalty Corp.?

Yes, uncertainties regarding the offering details and potential market reactions could pose risks to GLDG shareholders.