Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has filed a final short form base shelf prospectus with securities regulatory authorities in each Canadian province, except Quebec.
In a statement, the company said the prospectus was filed to provide it with financial flexibility and efficient access to Canadian capital markets to pursue its growth initiatives, which include the acquisition of additional royalties.
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The prospectus is valid for a 25-month period during which time the company will be permitted to offer up to $100 million of common shares, warrants, subscription receipts, debt securities, or any combination, including in the form of units (collectively, the Securities).
If any securities are offered under the prospectus, the company said the terms of any such securities and the intended use of the net proceeds resulting from such offerings would be established at the time of any offerings and would be described in a prospectus supplement filed with the applicable Canadian securities regulatory authorities and made available by Electric Royalties.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel & copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation, and other applications.