Canadian Royalties completes a $75 million primary distribution

Canadian Royalties Inc. recently announced the closing of a $75 million treasury offering of 27,300,000 common shares at the price of $2.75 per share. This transaction was accomplished with the support of a syndicate of underwriters composed of BMO Capital Markets, Desjardins Securities Inc., Raymond James Ltd. and Blackmont Capital Inc.

This financing marks the transition from exploration to development. The funds raised will be used for the procurement of the equipment necessary to carry out the corporation’s Nunavik Nickel Project, located near Xstrata Nickel’s Raglan Mine in Nunavik, Quebec.

Michel Blouin, Sébastien Vézina and Benoît Mallette advised Canadian Royalties in this financing.

Back to the press room