Nova Royalty Corp. - NOVRF STOCK NEWS

Welcome to our dedicated page for Nova Royalty news (Ticker: NOVRF), a resource for investors and traders seeking the latest updates and insights on Nova Royalty stock.

Nova Royalty Corp. (NOVRF) news coverage focuses on its strategic merger with Metalla Royalty & Streaming Ltd., creating a strengthened entity in precious metals royalty financing. This page aggregates official announcements, regulatory filings, and market analyses related to the combined company's operations.

Investors access timely updates on integration milestones, asset portfolios, and sector positioning. Content includes earnings reports, royalty agreement developments, and corporate governance changes. All materials are sourced from verified regulatory disclosures and primary corporate communications.

Bookmark this page for consolidated tracking of operational updates and strategic initiatives following the arrangement. Check regularly for new filings regarding resource expansion, partnership announcements, and financial performance metrics specific to the merged entity's growth trajectory.

12/01/2023 03:51 PM

News

METALLA AND NOVA ANNOUNCE COMPLETION OF ARRANGEMENT

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Metalla Royalty & Streaming Ltd. (MTA) and Nova Royalty Corp. (NOVR) have completed an arrangement, with Metalla acquiring all of the issued and outstanding common shares of Nova, positioning the combined company as a leading emerging intermediate royalty company. Each former shareholder of Nova received 0.36 of a common share of Metalla for each Nova Share held. The Nova Shares will be de-listed from the TSX Venture Exchange.

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METALLA AND NOVA COMBINE TO BUILD THE NEXT INTERMEDIATE ROYALTY COMPANY

Rhea-AI Summary

Metalla and Nova announce strategic partnership, combining portfolios and positioning the combined company as a leading emerging intermediate royalty company. Transaction expected to have industry-leading growth with a portfolio of 105 royalties and streams. Strategic partner Beedie Capital to commit to an equity investment of C$15 million and increase Metalla's existing convertible loan facility to C$50 million. Immediate increase in cash flow from producing royalties. Annual cost savings estimated to be $2.5 million. Potential inclusion in clean metals/energy transition ETFs and Mutual funds. Accretive on a NAV-per-share basis. Nova shareholders to receive immediate upfront premium of 25-32% and retain approximately 40% ownership in the combined company. Metalla shareholders to gain exposure to generational copper royalties and increased cash flow. Beedie Capital to subscribe for C$15 million in equity placement of Metalla and increase convertible loan agreement.

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Nova Royalty to Webcast Live at VirtualInvestorConferences.com March 30th @ 11AM ET

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Nova Royalty (TSXV: NOVR, OTCQB: NOVRF), based in Vancouver, Canada, announces that President and CEO Alex Tsukernik will present live at VirtualInvestorConferences.com on March 30 at 11am ET. This interactive online event allows investors to ask questions in real-time, with an archived webcast available post-event. Investors are encouraged to pre-register and perform a system check for smooth participation. Nova Royalty focuses on copper and nickel royalties, aiming to support the energy transition through multiple world-class assets.

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