TSX:SII

Sprott Physical Copper Trust Announces Closing of Initial Public Offering

Retrieved on: 
Thursday, June 6, 2024
Unit, Trust, Offering, Sprot, BMO Capital Markets, SII, Artificial intelligence, RBC Capital Markets, Toronto Stock Exchange, Security (finance)

TORONTO, June 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), announced today on behalf of the Sprott Physical Copper Trust (the “Trust”) that the Trust has closed its initial public offering of 10,000,000 transferable units (the “Units”) at a price of US$10.00 per Unit (the “Offering”). The Offering will generate gross proceeds of US$100,000,000.

Key Points: 
  • TORONTO, June 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott Inc. (“Sprott”) (NYSE/TSX: SII), announced today on behalf of the Sprott Physical Copper Trust (the “Trust”) that the Trust has closed its initial public offering of 10,000,000 transferable units (the “Units”) at a price of US$10.00 per Unit (the “Offering”).
  • The Trust is a closed-end trust established to invest and hold substantially all of its assets in physical copper metal.
  • “We are pleased to introduce the Sprott Physical Copper Trust, the world’s first physical copper investment fund,” said John Ciampaglia, CEO of Sprott Asset Management.
  • With the launch of the Trust, Sprott now offers four different copper investment strategies.”
    Canaccord Genuity Corp., BMO Capital Markets and Cantor Fitzgerald Canada Corporation acted as joint bookrunners for the Offering.

Sprott Physical Copper Trust Announces Filing of Final Prospectus for Initial Public Offering

Retrieved on: 
Friday, May 31, 2024
Offering, Toronto Stock Exchange, Unit, Trust, TD Securities, Prospectus, TSX, Security (finance)

TORONTO, May 31, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), on behalf of Sprott Physical Copper Trust (the “Trust”), announced that on May 31, 2024, a final prospectus for the Trust was filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories, and that it has entered into an underwriting agreement for its initial public offering of 10,000,000 transferable units (the “Units”) of the Trust at a price of US$10.00 per Unit (the “Offering”). The Offering will generate gross proceeds of $100,000,000.

Key Points: 
  • TORONTO, May 31, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), on behalf of Sprott Physical Copper Trust (the “Trust”), announced that on May 31, 2024, a final prospectus for the Trust was filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories, and that it has entered into an underwriting agreement for its initial public offering of 10,000,000 transferable units (the “Units”) of the Trust at a price of US$10.00 per Unit (the “Offering”).
  • It is anticipated that trading in the Units on the Toronto Stock Exchange will commence upon closing of the Offering.
  • The Trust is a closed-end trust established to invest and hold substantially all of its assets in physical copper metal (“Copper”).
  • WMC Energy B.V. is acting as technical advisor to Sprott Asset Management and will arrange all procurement and handling of Copper.

Marathon Gold Upsized, Amended and Restated US$225M Credit Facility for the Valentine Gold Project

Retrieved on: 
Wednesday, January 25, 2023
Interest, Sprot, SEDAR, Feasibility, Marathon, Gold, LIBOR, TSX, Feasibility study, Partnership, Finance Secretary (India), MOZ, DPA, Senior, Project, Restatements of the Law, Security (finance), Animal, Facility, Valentine

TORONTO, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report that it has amended and restated its term loan facility (the “Amended & Restated Facility” or “Facility”) first entered into on March 31, 2022 with Sprott Resource Corporation (“Sprott”).

Key Points: 
  • TORONTO, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report that it has amended and restated its term loan facility (the “Amended & Restated Facility” or “Facility”) first entered into on March 31, 2022 with Sprott Resource Corporation (“Sprott”).
  • The proceeds of the Facility are to be used for the construction, development and working capital requirements of Marathon’s Valentine Gold Project located in the central region of Newfoundland and Labrador (the “Project” or “Valentine”).
  • Matt Manson, President and CEO of Marathon, commented: “We are very happy to be announcing today this amended and restated credit facility with Sprott.
  • The new credit facility increases the available credit to Marathon to US$225 million, while keeping the overall cost of borrowing to a rate consistent with the original agreement.

Ninepoint Partners Announces Ninepoint 2022 Short Duration Flow-Through Limited Partnership

Retrieved on: 
Tuesday, August 16, 2022
Flow-through share, Real assets, NYSE, GLOBE, Geology, Sale, Toronto Stock Exchange, TSX, Unit, Prospectus, New, Investment, Partnership, Master limited partnership, TD, SII, News, Ninepoints, Pennsylvania, Solution, Mining, CIBC, Security (finance), Financial services, Sprot

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Short Duration Flow-Through Limited Partnership (the Partnership) has filed a preliminary prospectus (the Prospectus) in connection with its offering of limited partnership units (the Units).

Key Points: 
  • TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Short Duration Flow-Through Limited Partnership (the Partnership) has filed a preliminary prospectus (the Prospectus) in connection with its offering of limited partnership units (the Units).
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.
  • The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2024 and February 28, 2024.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Announces Third and Final Closing of Ninepoint 2022 Flow-Through Limited Partnership

Retrieved on: 
Thursday, April 7, 2022
Partnership, Real assets, IIROC, Flow-through share, Investment, III, Unit, Sale, Like a Boss (film), National, Toronto Stock Exchange, NYSE, SII, Prospectus, Mining, Ninepoints, Pennsylvania, TSX, Canadian National class S 2-8-2, Geology, GLOBE, TD, Institutional Limited Partners Association, Master limited partnership, Solution, News, CIBC, New, IV, Security (finance), Life insurance, Financial services, Sprot

TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the third and final closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.

Key Points: 
  • TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the third and final closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.
  • The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2024 and February 28, 2024.
  • Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Announces Second Closing of Ninepoint 2022 Flow-Through Limited Partnership

Retrieved on: 
Tuesday, March 22, 2022
Partnership, Real assets, IIROC, Flow-through share, Investment, Unit, RBC Dominion Securities, Sale, Like a Boss (film), National, Toronto Stock Exchange, NYSE, SII, Prospectus, Mining, Ninepoints, Pennsylvania, TSX, Canadian National class S 2-8-2, Geology, GLOBE, TD, Master limited partnership, Solution, News, CIBC, New, Book, Life insurance, Security (finance), Financial services, Sprot

TORONTO, March 22, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the second closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.

Key Points: 
  • TORONTO, March 22, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the second closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.
  • The Partnership will have a third and final closing in respect of the Units on or about April 7, 2022, books will close at noon on or about April 6, 2022.
  • The Partnership intends to provide liquidity to limited partners through a tax-deferred rollover to the Ninepoint Resource Fund Class in the period between January 15, 2024 and February 28, 2024.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Ninepoint Partners Announces First Closing of Ninepoint 2022 Flow-Through Limited Partnership

Retrieved on: 
Thursday, February 17, 2022
NYSE, Prospectus, IIROC, TD, Geology, RBC Dominion Securities, Canadian National class S 2-8-2, Solution, CIBC, SII, GLOBE, Investment, Partnership, National, New, Flow-through share, Mining, Toronto Stock Exchange, Unit, News, Ninepoints, Pennsylvania, TSX, Real assets, Master limited partnership, Security (finance), Financial services, Sprot

TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.

Key Points: 
  • TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (Ninepoint) is pleased to announce that the Ninepoint 2022 Flow-Through Limited Partnership (the Partnership) has completed the first closing in connection with its offering of limited partnership units of the National Class and the Qubec Class (together, the Units) pursuant to a prospectus dated January 21, 2022.
  • The Partnership will have a second closing in respect of the Units on or about March 22, 2022.
  • The Partnership intends to provide liquidity to limited partners through a rollover to the Ninepoint Resource Fund Class in the period between January 15, 2024 and February 28, 2024.
  • Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.