NOVA ROYALTY Shareholders of record at the close of business on
TSXV: NOVR
OTCQB: NOVRF
In connection with the Special Meeting, Nova will be mailing a notice of meeting, a management information circular (the "Circular"), letter of transmittal and related meeting materials (collectively, the "Meeting Materials") to Shareholders. Shareholders are urged to carefully review all Meeting Materials as they contain important information concerning the Arrangement and the rights and entitlements of the Shareholders in relation thereto. The Meeting Materials will be available on SEDAR+ under Nova's profile at www.sedarplus.ca and on the Company's website once they have been mailed to Shareholders in the coming days.
The terms of the Arrangement are summarized in the Joint Release and full details of the Arrangement are contained in the Circular. The application for the final order of the Court (the "Final Order") approving the Arrangement is currently expected to take place on or about
The Special Resolution requires approval of (i) at least 66⅔% of the votes cast by the Shareholders; and (ii) a simple majority of the votes cast by disinterested Shareholders, as required pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, as further described in the Circular.
The board of directors of Nova (the "Board"), excluding conflicted directors, unanimously determined that the Arrangement is in the best interests of the Company and fair to the Shareholders. The Board recommends that the Shareholders vote in favor of the Special Resolution.
If you have any questions or require more information, please contact the Company's proxy solicitation agents,
On Behalf of
Interim CEO
Phone: (647) 970-4113
Website: www.novaroyalty.com
Neither the
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively referred to herein as "forward-looking statements"). The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include: the timing for mailing for the Meeting Materials; anticipated timing of application for the Final Order receipt of the Final Order; receipt of Shareholder approval in respect of the Special Resolution; stock exchange and other regulatory approvals and conditions provided in the Arrangement Agreement; anticipated timing of the closing of the Arrangement. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the Company not obtaining the Final Order, or Shareholder or stock exchange approvals; all conditions to completion of the Arrangement not being satisfied or waived and the Arrangement not being completed as anticipated; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated
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