DLA Piper Canada advises Nova Royalty on $25 million at-the-market equity program

On February 26, 2021, Nova Royalty Corp. (“Nova”) (TSXV: NOVR) announced that it had entered into an equity distribution agreement with BMO Nesbit ‎Burns Inc. and PI Financial Corp. (together, the “Agents”) to ‎establish an at-the-‎market equity program (“ATM Program”)‎. DLA Piper Canada acted for Nova in this transaction.‎

Nova may distribute up to $25,000,000 of common shares under ‎the ATM Program, with common shares issued to the public from ‎time to time, ‎through the Agents, at Nova’s discretion. The common shares sold under the ATM ‎Program, if ‎any, will be sold at the prevailing market price at the time of sale.‎ The net proceeds of any such sales ‎will be used to finance the future purchase of streams and royalties ‎by the company and for working ‎capital purposes. ‎‎

Nova is a Vancouver-based royalty company focused on providing investors with exposure to the building blocks of clean energy - ‎copper and nickel.