Nomad Royalty Co Ltd.

21 Jan 2022capital raising announcement● NeutralMajor

Nomad closed a bought-deal share sale of 4,675,000 shares at C$9.10, raising about C$42.5 million, including 275,000 shares from a partial over-allotment exercise. Underwriters took a 5% cash commission. Proceeds are meant to repay credit facility draws that funded the first deposits on newly completed gold streams on Greenstone and Platreef and the purchase of a majority interest in Compania Minera Caserones, plus general purposes. This adds shares to the count, and the portfolio is now stated as 17 royalty and stream assets, 8 producing.

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24 June 2021capital raising announcement● NeutralMajor

Nomad set up an at-the-market programme to sell up to US$50 million of new common shares at market prices through agents led by Cormark Securities, under an agreement dated June 22, 2021. It may use proceeds for acquisitions, to repay debt, and for working capital. It is not obliged to sell any shares, and any sales would add to the share count. The attached capitalization table shows US$23 million drawn on its revolving credit facility to fund the acquisition of CMC Compania Minera Caserones shares. That company holds payment rights to 32.5% of a 2.88% royalty on Caserones. Total debt rises from about US$11.8 million to about US$34.8 million. The filing also describes a US$10 million deferred payment owed to Yamana, which bears 3% interest, has a two-year term and is convertible at C$9.00 a share. It also describes 2,000,000 new warrants tied to the CMC deal, at US$10.85 per share on a post-consolidation basis.

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