News
Star Royalties Files Final Short Form Base Shelf Prospectus
Not for distribution to U.S. news wire services or for dissemination in the United States.
APRIL 16, 2021, TORONTO, ON – Star Royalties Ltd. (the “Company” or “Star Royalties”) (TSXV: STRR) is pleased to announce that it has filed a final short form base shelf prospectus in each province and territory of Canada. The base shelf prospectus will allow the Company to make offerings of common shares (including by way of an “at-the-market distribution” in accordance with applicable securities laws), debt securities, subscription receipts, convertible securities, warrants, units or any combination thereof up to a maximum of US$200 million during the 25-month period in which the base shelf prospectus is effective.
Star Royalties has filed the base shelf prospectus in order to provide the Company with greater financial flexibility going forward but has not entered into any agreement or arrangement to authorize or offer any securities at this time. In Canada, the use of a base shelf prospectus is customary practice as it allows companies to undergo the applicable Canadian regulatory review process before commencing any offer of securities. The Company has no immediate plans to issue securities under the short form base shelf prospectus, and indeed may never issue any securities under this prospectus. Should the Company decide to offer securities during the 25-month effective period, the specific terms, including the use of proceeds from any offering, will be set forth in a prospectus supplement to the base shelf prospectus, which will be filed with the applicable Canadian securities regulatory authorities.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any province, territory, or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory or jurisdiction.
A copy of the final short form base shelf prospectus can be found under the Company’s profile on SEDAR at www.sedar.com.
Contact information
For more information, please visit our website at starroyalties.com or contact:
Alex Pernin, P.Geo.
Chief Executive Officer and Director
apernin@starroyalties.com
+1 647 494 5001
Peter Bures
Chief Business Development Officer
pbures@starrroyalties.com
+1 437 997 8088
ABOUT STAR ROYALTIES LTD.
Star Royalties Ltd. is a precious metals royalty and streaming investment company. The company’s objective is to provide wealth creation through accretive transaction structuring and asset life extension with superior alignment to both counterparties and shareholders. With a strategy to also invest in green opportunities, Star Royalties pioneered the first forest carbon credit royalty and is pursuing a pipeline of additional green investments.
Cautionary note regarding forward-looking information
Certain statements in this news release may constitute “forward-looking statements”, including those regarding the Company accretively deploying capital and growing its portfolio in the immediate term. Forward-looking statements are statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Star Royalties to be materially different from future results, performances or achievements expressed or implied by such statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results, performances or achievements to differ materially from such forward-looking statements, including, without limitation, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to identify and execute future acquisitions on acceptable terms or at all, risks inherent to royalty or streaming companies, title and permitting matters, metal and mineral commodity price volatility, discrepancies between actual and estimated production, mineral reserves and mineral resources and metallurgical recoveries, mining operation and development risks relating to the parties which produce the metals and minerals Star Royalties will purchase or receive royalty or stream payments, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global social and economic climate, natural disasters and global pandemics, including COVID-19, dilution, and competition. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.