Nova Royalty Stock Price, News & Analysis

NOVRF OTC

Company Description

Metalla Royalty & Streaming Ltd. and Nova Royalty Corp. completed an arrangement where Metalla acquired all issued and outstanding shares of Nova. Shareholders received Metalla shares in exchange, and the Nova shares will be delisted. This transaction positions the combined entity as a leading intermediate royalty company in the mining sector.

The companies have ensured that the terms of the arrangement are beneficial for both sets of shareholders. Nova's options and restricted share units have been dealt with appropriately, and Beedie Capital's investment and related transactions have been completed successfully.

Both Metalla and Nova have focused on maintaining transparency, fulfilling legal requirements, and ensuring smooth transitions for their respective shareholders. The completion of this arrangement marks a significant milestone for both companies and sets the stage for continued growth and success in the future.

Stock Performance

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Performance 1 year

$102.5M

Market Cap

94.1M

Shares outstanding

Latest News

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December 1, 2023

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METALLA AND NOVA ANNOUNCE COMPLETION OF ARRANGEMENT

September 8, 2023

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METALLA AND NOVA COMBINE TO BUILD THE NEXT INTERMEDIATE ROYALTY COMPANY

March 26, 2021

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

conferences

SEC Filings

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No SEC filings available for Nova Royalty.

Financial Highlights

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Frequently Asked Questions

What is the market cap of Nova Royalty (NOVRF)?

The market cap of Nova Royalty (NOVRF) is approximately 102.5M.

What was the recent arrangement between Metalla Royalty & Streaming Ltd. and Nova Royalty Corp.?

Metalla acquired all issued and outstanding shares of Nova through a court-approved plan of arrangement under the Business Corporations Act (British Columbia), positioning the combined entity as a leading intermediate royalty company.

How were Nova shareholders impacted by the arrangement with Metalla?

Nova shareholders received 0.36 of a common share of Metalla for each Nova share held, and the Nova shares are expected to be delisted from the TSX Venture Exchange.

What happened to Nova's options and restricted share units as a result of the arrangement?

Nova's options became vested and exchanged for replacement options exercisable for Metalla shares. Nova's restricted share units were deemed fully vested and settled in Nova shares, which participated in the arrangement.

How did the completion of the arrangement impact Beedie Capital's investment and related transactions?

Beedie Capital's subscription receipt financing converted into Metalla shares, and a second amended and restated convertible loan agreement with Metalla has been completed successfully.

What steps were taken by Metalla and Nova to ensure a smooth transition for their shareholders during the arrangement?

The companies focused on transparency, legal compliance, and ensuring the best interests of their shareholders throughout the arrangement process, marking a significant milestone for both entities.