NOMAD ROYALTY COMPANY LTD. ("NSR")
[formerly Guerrero Ventures Inc. ("GV")]
BULLETIN TYPE: Reverse Takeover-Completed, Name Change, Private Placement-Brokered, Graduation, Delisting
BULLETIN DATE: May 27, 2020
TSX Venture Tier 2 Company
Reverse Takeover-Completed:
TSX Venture Exchange (the "Exchange") has accepted for filing Nomad Royalty Company Ltd.'s (formerly Guerrero Ventures Inc., "Guerrero" or the "Company") Reverse Takeover ("RTO") described in its Filing Statement dated May 15, 2020.
The RTO consists in the arm's length acquisition by Guerrero of two portfolios of royalties, streams and gold loan assets for an aggregate deemed consideration of US$333 million, pursuant to the following agreements:
* The Acquisition Agreement dated February 23, 2020 entered into among Guerrero and the Orion Group (as defined in the above-mentioned Filing Statement), in connection with the acquisition of a portfolio of assets by Guerrero from the Orion Group in exchange for the issuance of an aggregate of 396,455,965 common shares at a deemed price of CAD $0.90 per common share; and
* The Royalty and Contingent Payment Purchase Agreement dated February 23, 2020 entered into among Guerrero, Yamana Gold Inc. (TSX: YRI) ("Yamana") and Serra Da Borda Minerac?o E Metalurgia S.A., an affiliate of Yamana (collectively, the "Yamana Group"), in connection with the purchase of a portfolio of assets by Guerrero from the Yamana Group in exchange for (i) the issuance of an aggregate of 66,500,000 common shares at a deemed price of CAD $0.90 per common share, and (ii) a cash payment in the amount of US$20 million, a maximum of US$10 million of which may be deferred pursuant to a deferred payment agreement (the "Deferred Payment Agreement"). Pursuant to the Deferred Payment Agreement, the Company has the option to pay half (US$10 million) the cash consideration through a deferred payment which will have all a term of two years, 3% annual interest rate, convertible at CAD $0.90 per share.
Name Change:
Pursuant to a resolution passed by shareholders of the Company at the Annual and Special Meeting of Shareholders held on April 14, 2020, the name of the Company has been changed from "Guerrero Ventures Inc." to "Nomad Royalty Company Ltd.". There is no consolidation of capital.
Private Placement - Brokered:
Guerrero completed a brokered private placement offering of subscription receipts for total gross proceeds of CAD $13,300,000. The subscription receipts issued under the private placement were issued at a price of CAD $0.90 per subscription receipt and will be exchanged upon closing of the RTO into 14,777,778 common shares of Nomad Royalty Company Ltd.
Graduation, Delisting:
TSX Venture Exchange has been advised that the Company's common shares will be listed and commence trading on Toronto Stock Exchange at the market opening on Friday, May 29, 2020 under the name "Nomad Royalty Company Ltd." with the symbol "NSR", in anticipation of the closing of the RTO.
As a result of this Graduation, there will be no further trading under the symbol "GV" on the TSX Venture Exchange after Thursday May 28, 2020, and the Company's common shares will be delisted from the TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.
Please refer to the Original Listing bulletin issued by the TSX dated May 27, 2020 for further information on the listing and the Filing Statement dated May 15, 2020, which is available on www.sedar.com for details of the RTO.
REDEVANCES NOMAD LTEE (" NSR ")
[anciennement Guerrero Ventures Inc. (" GV ")]
TYPE DE BULLETIN : Prise de controle inversee, Changement de denomination sociale, Placement prive par l'entremise d'un courtier, Migration, Retrait de la cote
DATE DU BULLETIN : Le 27 mai 2020
Societe du groupe 2 de TSX Croissance
Prise de controle inversee :
Bourse de croissance TSX (la " Bourse ") a accepte le depot des documents de Redevances Nomad Ltee (anciennement Guerrero Ventures Inc., " Guerrero " ou la " societe ") relativement a la prise de controle inversee (la " PCI ") decrite dans sa declaration de changement a l'inscription datee du 15 mai 2020.
La PCI consiste en l'acquisition aupres de personnes sans lien de dependance de deux portefeuilles de royautes, d'operations de streaming et prets d'or pour une consideration totale de 333 millions de dollars US, en vertu des conventions suivantes :
* La convention d'acquisition datee du 23 fevrier 2020 intervenue entre Guerrero et le Orion Group (tel que definie dans la declaration de changement a l'inscription mentionnee ci-dessus), relativement a l'acquisition d'un portefeuille d'actifs par Guerrero aupres de Orion Group en consideration de l'emission d'un total de 396 455 965 actions ordinaires au prix repute de 0,90 $ CAN par action ordinaire; et
* La convention d'acquisition datee du 23 fevrier 2020 intervenue entre Guerrero, Yamana Gold Inc. (TSX : YRI) (" Yamana ") et Serra Da Borda Minerac?o E Metalurgia S.A., une societe membre du meme groupe que Yamana (collectivement, le " groupe Yamana ") relativement a l'acquisition d'un portefeuille d'actifs par Guerrero aupres du groupe Yamana en consideration de : (i) l'emission d'un total de 66 500 000 actions ordinaires au prix repute de 0,90 $ CAN par action ordinaire, et (ii) un paiement en especes d'un montant de 20 millions de dollars US, dont le paiement d'un maximum de 10 million de dollars US peut etre reporte en vertu d'une entente de paiement reporte. En vertu de l'entente de paiement reporte, la societe a l'option de payer la moitie (10 million de dollars US) de la consideration monetaire par un paiement reporte qui aura une echeance de deux ans, un taux d'interet annuel de 3%, convertible au prix de 0,90 $ CAN par action.
Changement de denomination sociale :
Suite a une resolution adoptee par les actionnaires de la societe lors de l'assemblee annuelle et speciale des actionnaires tenue le 14 avril 2020, la societe a modifie sa denomination sociale de " Guerrero Ventures Inc. " a " Redevances Nomad Ltee ". Il n'y a pas de consolidation du capital-actions.
Placement prive par l'entremise d'un courtier :
Guerrero a complete un placement prive par l'entremise de courtiers de recus de souscription pour un produit brut total de 13 300 000 $ CAN. Les recus de souscription emis en vertu du placement prive ont ete emis au prix de 0,90 $ CAN par recu de souscription et seront echanges lors de la cloture de la PCI en 14 777 778 actions ordinaires de Redevances Nomad Ltee.
Migration, Retrait de la cote :
Bourse de croissance TSX a ete avisee que les actions ordinaires de la societe seront inscrites et admises a la negociation a la Bourse de Toronto a l'ouverture des affaires le vendredi 29 mai 2020, sous la denomination sociale " Redevances Nomad Ltee " et le symbole " NSR ", en anticipation de la cloture de la PCI.
Compte tenu de cette migration, il n'y aura plus de negociation sous le symbole " GV " a Bourse de croissance TSX apres le jeudi 28 mai 2020 et les actions ordinaires de la societe seront retirees de la cote de Bourse de croissance TSX lors de l'admission a la negociation a la Bourse de Toronto.
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