All amounts in Canadian dollars unless
otherwise stated
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UNITED STATES/
VANCOUVER, BC, Sept. 2, 2021 /CNW/ - Electric Royalties
Ltd. (TSXV: ELEC) ("Electric Royalties" or the
"Company") is pleased to announce today that it has filed,
and received a receipt for, a preliminary short form base shelf
prospectus (the "Prospectus"). The Prospectus was filed with
the securities regulatory authorities in each of the Provinces of
Canada, other than Quebec. The Prospectus was filed to provide
the Company with financial flexibility and efficient access to
Canadian capital markets to pursue its growth initiatives, which
include the acquisition of additional royalties. A copy of the
Prospectus is available under the Company's profile on SEDAR at
www.sedar.com.
Once a receipt for the final Prospectus is received from the
applicable securities regulators, the final Prospectus will be
valid for a 25-month period during which time the Company will be
permitted to offer up to $100
million of common shares, warrants, subscription
receipts, debt securities, or any combination thereof, including in
the form of units (collectively, the "Securities").
If any Securities are offered under the Prospectus, the terms of
any such Securities and the intended use of the net proceeds
resulting from such offering would be established at the time of
any offering and would be described in a prospectus supplement
filed with the applicable Canadian securities regulatory
authorities at the time of such offering and would be made
available by Electric Royalties.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy Securities, nor will there be any
sale of the Securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under securities laws of any such jurisdiction.
On Behalf of the Board of Directors,
Brendan Yurik
CEO
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take
advantage of the demand for a wide range of commodities (lithium,
vanadium, manganese, tin, graphite, cobalt, nickel, zinc &
copper) that will benefit from the drive toward electrification of
a variety of consumer products: cars, rechargeable batteries, large
scale energy storage, renewable energy generation and other
applications.
Electric vehicle sales, battery production capacity and
renewable energy generation are slated to increase significantly
over the next several years and with it, the demand for these
targeted commodities. This creates a unique opportunity to invest
in and acquire royalties over the mines and projects that will
supply the materials needed to feed the electric revolution.
Electric Royalties has a growing portfolio of 16 royalties and
is focused predominantly on acquiring royalties on advanced stage
and operating projects to build a diversified portfolio located in
jurisdictions with low geopolitical risk.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements Regarding Forward-Looking
Information and Other Company Information
This news release includes forward-looking information and
forward-looking statements (collectively, "forward-looking
information") with respect to the Company within the meaning of
Canadian securities laws. Forward looking information is typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which,
by their nature, refer to future events. This information
represents predictions and actual events or results may differ
materially. Forward-looking information may relate to the Company's
future outlook and anticipated events and may include statements
regarding the financial results, future financial position,
expected growth of cash flows, business strategy, budgets,
projected costs, projected capital expenditures, taxes, plans,
objectives, industry trends and growth opportunities of the Company
and the projects in which it holds royalty interests.
While management considers these assumptions to be
reasonable, based on information available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company or these
projects to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These risks, uncertainties and other
factors include, but are not limited to risks associated with
general economic conditions; adverse industry events; marketing
costs; loss of markets; future legislative and regulatory
developments involving the renewable energy industry; inability to
access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms;
the mining industry generally, the Covid-19 pandemic, recent market
volatility, income tax and regulatory matters; the ability of the
Company or the owners of these projects to implement their business
strategies including expansion plans; competition; currency and
interest rate fluctuations, and the other risks.
The reader is referred to the Company's most recent filings
on SEDAR for a more complete discussion of all applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's profile page at
www.sedar.com.
SOURCE Electric Royalties Ltd.
