Nova Royalty Corp. - $NOVRF STOCK NEWS

Welcome to our dedicated page for Nova Royalty news (Ticker: $NOVRF), a resource for investors and traders seeking the latest updates and insights on Nova Royalty stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nova Royalty's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nova Royalty's position in the market.

12/01/2023 03:51 PM

News

METALLA AND NOVA ANNOUNCE COMPLETION OF ARRANGEMENT

Rhea-AI Summary

Metalla Royalty & Streaming Ltd. (MTA) and Nova Royalty Corp. (NOVR) have completed an arrangement, with Metalla acquiring all of the issued and outstanding common shares of Nova, positioning the combined company as a leading emerging intermediate royalty company. Each former shareholder of Nova received 0.36 of a common share of Metalla for each Nova Share held. The Nova Shares will be de-listed from the TSX Venture Exchange.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

1.56%

Tags

09/08/2023 07:00 AM

News

METALLA AND NOVA COMBINE TO BUILD THE NEXT INTERMEDIATE ROYALTY COMPANY

Rhea-AI Summary

Metalla and Nova announce strategic partnership, combining portfolios and positioning the combined company as a leading emerging intermediate royalty company. Transaction expected to have industry-leading growth with a portfolio of 105 royalties and streams. Strategic partner Beedie Capital to commit to an equity investment of C$15 million and increase Metalla's existing convertible loan facility to C$50 million. Immediate increase in cash flow from producing royalties. Annual cost savings estimated to be $2.5 million. Potential inclusion in clean metals/energy transition ETFs and Mutual funds. Accretive on a NAV-per-share basis. Nova shareholders to receive immediate upfront premium of 25-32% and retain approximately 40% ownership in the combined company. Metalla shareholders to gain exposure to generational copper royalties and increased cash flow. Beedie Capital to subscribe for C$15 million in equity placement of Metalla and increase convertible loan agreement.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-13.04%