GoldMining Files Early Warning Report

Rhea-AI Summary

GoldMining Inc. (GLDG) announced the acquisition of 250,000 shares of Gold Royalty Corp. (GROY) at an average price of US$4.23 (C$5.33) per share on April 12, 2022. This acquisition increases GoldMining's stake in GROY from approximately 14.9% to 15.1%, amounting to a total of 20,250,000 shares. The shares were purchased for investment purposes, with the potential for further acquisitions or dispositions based on market conditions. An early warning report will be filed as per NI 62-103 requirements.

Positive

• Increased ownership in GROY to 15.1%, enhancing strategic asset position.

Negative

• None.

VANCOUVER, BC, April 12, 2022 /PRNewswire/ - GoldMining Inc. (the "Company") (TSX: GOLD) (NYSE-American: GLDG) is issuing this press release under Section 3.1 of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Requirements ("NI 62-103") and pursuant to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids with respect to the acquisition by the Company of common shares (the "GROY Shares") of Gold Royalty Corp. ("GROY").

On April 12, 2022, the Company acquired 250,000 GROY Shares at an average price of US$4.23 (C$5.33) per share through open market purchases over the facilities of the NYSE American.  

Prior to the acquisition, the Company beneficially owned and exercised control and direction of 20,000,000 GROY Shares, representing approximately 14.9% of the outstanding GROY Shares. Immediately following the acquisition, the Company beneficially owned and exercised control and direction of 20,250,000 GROY Shares, representing 15.1% of the outstanding GROY Shares.

The GROY Shares were acquired by the Company for investment purposes, and in the future, the Company may acquire additional securities of GROY, dispose of some or all of the existing or additional securities the Company holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors.

An early warning report (the "Report") will be filed by the Company pursuant to NI 62-103 on SEDAR at www.sedar.com under the profile of GROY. The Company's head office is located at 1030 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 2Y3. To obtain a copy of the Report, please contact the Company as follows:

GoldMining Inc.
Attn: Pat Obara, Chief Financial Officer
1030 West Georgia Street, Suite 1830
Vancouver, BC V6E 2Y3
Tel: (855) 630-1001

About GoldMining Inc.

The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru.

View original content:https://www.prnewswire.com/news-releases/goldmining-files-early-warning-report-301524431.html

SOURCE GoldMining Inc.

FAQ

What recent acquisition did GoldMining (GLDG) make?

GoldMining acquired 250,000 shares of Gold Royalty Corp. (GROY) on April 12, 2022.

How much did GoldMining pay for the GROY shares?

GoldMining paid an average price of US$4.23 (C$5.33) per share for the GROY shares.

What is GoldMining's total ownership percentage in GROY after the acquisition?

After the acquisition, GoldMining owns 15.1% of the outstanding GROY shares.

What are GoldMining's future plans regarding their GROY shares?

GoldMining may acquire additional GROY shares, dispose of existing shares, or hold its current position based on market conditions.