Royal Road completes bought deal financing totaling over $11.5 million

August 4, 2020

On August 4, 2020, Royal Road Minerals Limited (TSXV:RYR) announced the closing of a bought deal prospectus offering, including the full exercise of the over-allotment option granted to the underwriters, through the issuance of 31,222,500 ordinary shares at a price of $0.37 per share for aggregate gross proceeds of $11,552,325. The offering was led by Stifel GMP, on behalf of a syndicate of underwriters, including Pollitt & Co. Inc., Sprott Capital Partners LP, Leede Jones Gable Inc. and Red Cloud Securities Inc.

Royal Road Minerals Limited is a gold and copper exploration and development company focused on projects with Tier 1 potential in Nicaragua and Colombia.

Miller Thomson advised the syndicate of underwriters led by Stifel GMP with a team led by Lawrence Wilder (Capital Markets & Securities), and comprised of Adam Kline, Abid Ahmed and Desmond Christy (Capital Markets & Securities) and Manjit Singh (Corporate Tax).