Star Royalties Announces Proposed Initial Public Offering
Toronto, ON -- January 13, 2021 -- NewsGenie -- Star Royalties Ltd. has filed a preliminary long-form prospectus for a proposed initial public offering (IPO) of its common shares. The Company intends to raise up to C$20,000,000 at a price between C$0.70 and C$0.90 per share.
Canaccord Genuity Corp. and Desjardins Capital Markets are co-lead underwriters for the IPO, with a syndicate including Haywood Securities Inc., Cormark Securities Inc., and Eight Capital.
The preliminary prospectus, filed with securities commissions across Canada (excluding Quebec), contains information about the Company, the IPO, and the shares. It remains subject to completion or amendment, and no sales will occur until a final prospectus is issued. The IPO's closing is conditional on approval for listing on the TSX Venture Exchange.
The preliminary prospectus is available at www.sedar.com under the Company’s profile.
Star Royalties is a precious metals-focused royalty and streaming company that aims to create shareholder wealth through the origination and acquisition of royalties and streams. The Company specializes in bespoke financing solutions, seeking mutually beneficial agreements that optimize counterparties’ capital structure. Star Royalties aims to be a trusted financing partner for mining companies, generating returns above its cost of capital.