Electric Royalties Announces Private Placement of Up to $10 Million

Electric Royalties Announces Private Placement of Up to $10 Million

by ahnationtalk on May 5, 202127 Views

VANCOUVER, May 5, 2021 – Electric Royalties Ltd. (“ELEC” or the “Company”) (TSX‐V: ELEC) announces that it plans to complete a private placement of up to 25,000,000 units (“Units”) of the Company at a price of $0.40 per Unit (the “Issue Price”) for proceeds of up to $10 million (the “Offering”).

Each Unit is comprised of one common share (a “Share”) of the Company plus one common share purchase warrant (a “Warrant”). Each Warrant can be exercised for a two-year period from the Closing Date at $0.60 per Warrant Share (as hereinafter defined). The Units, Shares and Warrant Shares will be subject to applicable resale restrictions, including a four month hold period from date of closing of the Offering under applicable Canadian securities laws. Finders’ fees or commissions may be paid in accordance with securities regulations. Completion of the Offering is subject to regulatory approval, including approval of the TSX Venture Exchange.

Proceeds will be used to fund royalty acquisitions as well as for general corporate working capital purposes.

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel & copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.

Electric Royalties has a portfolio of 12 royalties with 2 additional royalties currently under contract, subject to completion. Electric Royalties plans to focus predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.

For further information, please contact:

Investor Contact:

Mars Investor Relations
TF +1 (866) 697-0028
[email protected]
www.marsinvestorrelations.com

Electric Royalties:

Electric Royalties Ltd.
Brendan Yurik
Tel: (604) 364‐3540
[email protected]
www.electricroyalties.com

NT4

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