Uranium Royalty Corp. Announces Renewed At-the-Market Equity Program
Summary
The Offered Shares sold under the ATM Program, if any, will be sold at the prevailing market price at the time of sale.Sales of Offered Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated August 8, 2023 (the "Distribution Agreement") with a syndicate of agents led by BMO Nesbitt Burns Inc., and including BMO Capital Markets Corp., Canaccord Genuity, H.C. Wainwright & Co. LLC, Paradigm Capital Inc., and TD Securities (collectively, the "Agents").The Company intends to use the net proceeds of any such sales under the ATM Program to finance the acquisition of additional royalties, streams, physical uranium and similar interests and for working capital.Under the Distribution Agreement, sales of Offered Shares will be made by the Agents through "at-the-market distributions" as defined in National Instrument 44-102 Shelf Distributions on the Toronto Stock Exchange, Nasdaq Capital Markets or any other trading market for the Offered Shares in Canada or the United States. Unless earlier terminated by the Company or the Agents as permitted therein, the Distribution Agreement will terminate upon the earlier of (a) the date that the aggregate gross sales proceeds of the Offered Shares sold under the ATM Program reaches the aggregate amount of US$40 million (or the equivalent in Canadian dollars); or (b) September 1, 2024.The ATM Program will become effective upon the filing of a prospectus supplement to the Companys short form base shelf prospectus dated July 20, 2023 and U.S. registration statement on Form F-10 filed June 8, 2023, as amended on July 20, 2023. Alternatively, the lead agent will send copies of such documents to investors upon request by contacting BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, attn: The Data Group of Companies, by email at [email protected] or by telephone at 905-791-3151 ext. Forward-looking information includes statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. Accordingly, readers should exercise caution in relying upon forward-looking information and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.