DLA Piper Canada advising Nova Royalty on royalty purchase agreement for Vizcachitas project and $28 ‎million loan facility with Beedie Capital

On February 10, 2021, Nova Royalty Corp. (“Nova”) (TSXV: NOVR) announced that it had entered into a royalty purchase agreement to acquire a net smelter ‎return royalty on part of the Vizcachitas Project in ‎Chile. DLA Piper Canada acted for Nova in this transaction as well as a loan agreement with Beedie Capital for the acquisition ‎of new royalties.‎

The Vizcachitas Project is a copper-molybdenum porphyry deposit in central Chile, 100% owned by Los Andes Copper Ltd. (TSX-V:LA)‎. ‎ Nova entered into the royalty purchase agreement with RCF VI CAD LLC, an ‎affiliate of Resource Capital Funds VI L.P. and will acquire ‎an existing net smelter return royalty of 0.98% on open pit operations and 0.49% ‎on underground operations on the San José 1/3000 exploitation concession that forms part of the ‎Vizcachitas Project.

Nova also entered into an amended and restated convertible loan ‎agreement with Beedie Capital for the acquisition of new royalties in the principal amount of $28 million. ‎

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