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Scotiabank and BMO Capital Markets Co-Lead C$18M private placement of subscription receipts of Nomad Royalty Company Ltd. in connection with a concurrent reverse take-over transaction

Date Closed

May 27, 2020

Lead Office

Québec City


18.00 Million CAD

On May 21, 2020, Nomad Royalty Company Ltd. closed its third and final tranche of a fully subscribed brokered private placement offering of subscription receipts for aggregate gross proceeds of $18 million. The private placement was completed through a syndicate of agents composed of Scotiabank. and BMO Capital Markets as joint bookrunners, and including CIBC Capital Markets, RBC Capital Markets, Canaccord Genuity Corp., Desjardins Capital Markets, Haywood Securities Inc. and National Bank Financial Inc.

The private placement was completed in connection with a reverse take-over transaction which closed on May 27, 2020 creating a new precious metal and streaming company. Upon the closing of the reverse take-over transaction, the subscription receipts were automatically converted into common shares of the company and commenced trading on the Toronto Stock Exchange on May 29, 2020.

McCarthy Tetrault advised the syndicate of agents co-led by Scotiabank and BMO Capital Markets with a team led by Eva Bellissimo and Philippe Leclerc that included Myreille Gilbert, Ainslie Hurd, Raj Juneja, Claire Lehan, Laetitia Ouedraogo, and Tony Zhou.