The Prospector News

Maverix Metals to Increase Credit Facility to US$120 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Maverix Metals to Increase Credit Facility to US$120 Million

 

 

 

 

 

Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) is pleased to announce that it has secured commitments to upsize its revolving credit facility to borrow up to US$120 million.

 

Closing of the Increased Facility is subject to completion of definitive documentation and satisfaction of conditions precedent customary for a financing of this nature. Maverix intends to use the Increased Facility for future royalty and stream acquisitions and general corporate purposes.

 

Matt Fargey, CFO of Maverix, commented, “This further increase to our revolving credit facility is supported by our strong and growing portfolio of royalties and precious metal streams and provides Maverix with additional liquidity to pursue further royalty and streaming opportunities.”

 

Maverix also announces that it has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the Provinces of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10/A with the U.S. Securities and Exchange Commission under the Multijurisdictional Disclosure System, established between Canada and the United States. The Final Prospectus replaces a base shelf prospectus of the Company that will expire on October 6, 2019. Copies of the Final Prospectus and the Shelf Registration Statement can be found on SEDAR at www.sedar.com and EDGAR at www.sec.gov, respectively, or may be obtained by directing a request to Maverix at 510 Burrard Street, Suite 575, Vancouver, British Columbia, Canada, V6C 3A8, Attention: Corporate Secretary.

 

The Final Prospectus will, subject to the filing of a shelf prospectus supplement, allow for the potential offering of up to an aggregate of US$300,000,000 of Maverix’s common shares, subscription receipts, units, warrants, share purchase contracts and debt securities or any combination thereof. These Securities may be offered from time to time over a 25-month period under the Final Prospectus, until such Final Prospectus expires on October 13, 2021. The Shelf Registration Statement filed with the SEC has not yet become effective. Until the Shelf Registration Statement becomes effective, no securities may be sold nor may offers to buy be accepted in the United States. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

 

About Maverix

 

Maverix is a gold royalty and streaming company. Maverix’s mission is to provide its shareholders with significant low risk leverage to precious metal prices and to increase underlying per share value by continuing to grow its portfolio with acquisitions of high-quality royalties and streams that offer robust returns.

 

Posted September 16, 2019

Share this news article

MORE or "UNCATEGORIZED"


Skeena Resources Closes C$34.5 Million Bought Deal Offering of Common Shares

Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE

September 23, 2022

Glencore to Acquire Newmont’s 18.75% Shareholding in the Mara Project

Today Glencore International AG announced, and has made Yamana Go... READ MORE

September 23, 2022

Rusoro Announces Closing of $1,250,000 Private Placement

Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE

September 23, 2022

Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters Within 3.5 g/t Gold Over 115.4 Meters at Beartrack-Arnett

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE

September 23, 2022

Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE

September 23, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News