The underwriters can exercise this right at any time within 30 days after the date of this prospectus. We have granted the underwriters the right to purchase up to an additional 2,700,000 common shares and/or warrants to purchase up to 1,350,000 common shares to cover over-allotments, if any. See “ Underwriting” for additional information regarding total underwriter compensation. We have also agreed to reimburse the representatives of the underwriters for certain of their expenses. A reduced underwriting discount of 2.0% will be payable on the gross proceeds of up to $29,700,000 of the offering sold to certain purchasers and thereafter the full 7.0% discount will apply. Represents underwriting discount and commissions equal to 7.0% of the aggregate purchase price paid by the underwriters to us per unit. The initial public offering price and underwriting discount corresponds to (i) a public offering price per common share of $4.995 and (ii) a public offering price per one-half warrant of $0.005. Underwriting discounts and commissions (2) See “ Risk Factors” beginning on page 14 for a discussion of information that you should consider before investing in our securities. Investing in our securities is speculative and involves a high degree of risk. However, following this offering we will not be deemed a “controlled company.” GoldMining Inc., our parent company and majority shareholder, controls approximately 88% of the voting power of our common shares, and we are therefore a “controlled company” as defined in the NYSE American Company Guide. We are an “emerging growth company” as that term is defined in the Jumpstart Our Business Startups Act of 2012 and, as such, will be subject to reduced public company reporting requirements for this prospectus and future filings. We have applied to list our common shares and warrants on the NYSE American under the symbols “GROY” and “GROY WS,” respectively. Prior to this offering, no public market has existed for our common shares or warrants.
We are offering 18,000,000 units, or the “units,” with each unit having an offering price of $5.00 and consisting of (i) one common share, no par value per share, and (ii) one-half (1/2) warrant to purchase a common share, or the “warrants.” Each whole warrant entitles the holder thereof to purchase one common share at a price of $7.50 per share, subject to adjustment as described in this prospectus. This is the initial public offering of our securities in the United States.
0 kommentar(er)
