Royalty North Announces Private Placement Financing

Vancouver, British Columbia–(Newsfile Corp. – June 26, 2020) – Royalty North Partners Ltd. (TSXV: RNP) (“RNP” or the “Company“) is pleased to announce that it intends to complete a non-brokered private placement financing (the “Private Placement“) of a minimum of 2,240,000 units (the “Units“) at a price of C$0.25 per Unit to raise minimum gross proceeds of C$560,000.

Each Unit shall consist of one common share in the capital of the Company and one-half of one common share purchase warrant (the “Warrant“). Each whole Warrant will entitle the holder to purchase, for a period of five years from the date of issuance, one additional common share of the Company (each, a “Warrant Share“) at an exercise price of C$0.35 per Warrant Share.

The proceeds of the Private Placement will be used for potential investments and general corporate purposes.

Approvals

The Private Placement and the Agreement are subject to certain conditions, including the approval of the TSX Venture Exchange.

All securities issued pursuant to the Private Placement will be subject to a hold period of four months from the date of issuance of the securities.

On behalf of the Company,
“Justin Currie“
Chief Executive Officer and Director

About Royalty North Partners Ltd.

RNP is a TSXV-listed company, which has previously been focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses with gross revenues in excess of $10 million. RNP typically invested in companies with stable cash flows in non-resource-based sectors looking for growth/acquisition capital, recapitalization or succession liquidity. In return for the investment, RNP typically receives as consideration a percentage of the future gross sales.

For more information, please contact:

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Victoria McMillan, Chief Financial Officer
Royalty North Partners Ltd.
Email: vmcmillan@royaltynorth.com
Phone: (604) 628-1033
www.royaltynorth.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58643