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News Update


Royalty Company Finalizes Acquisition of Precious Metals Explorer
News Update

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Nomad Royalty Company Ltd. reported it has completed the purchase of Coral Gold Resources Ltd.

In a news release, gold and silver royalty company Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX) and Coral Gold Resources Ltd. (CLH:TSX.V; (CLHRF:OTCQX) announced that Nomad has completed its previously announced acquisition of Coral.

The companies reported that under the terms of the transaction, Nomad acquired 100% of Coral's outstanding shares for CA$0.05 per share in cash and 0.80 of a unit of Nomad. The firm stated that each whole Nomad unit includes one Nomad common share and one-half of a common share purchase warrant.

The firms noted that a full warrant provides the holder with the right to purchase one additional Nomad share at a price of CA$1.71 for a period of two years following the transaction date.

The terms of the transaction additionally stipulate that "if the daily volume-weighted average trading price of Nomad Shares on the Toronto Stock Exchange exceeds the warrant exercise price by at least 25% for any period of 20 consecutive trading days after one year from the date hereof, Nomad will have the right to give notice in writing to the holders of the Warrants that the warrants will expire 30 days following such notice, unless exercised prior thereto."

Nomad Royalty Company advised that after the transaction has closed the company will have 564,520,578 issued and outstanding common shares on a non-diluted basis.


1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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