Exchange Bulletin
Triple Flag Precious Metals Corp. (TFPM, TFPM.U) To Trade On Toronto Stock Exchange
May 21, 2021
| Issuer: | Triple Flag Precious Metals Corp. (the "Company") |
| Security: | Common shares ("Shares") |
| Symbols: | TFPM, TFPM.U |
| Issue price per security: | US$13.00 |
| Number of securities issued and outstanding: | 155,134,162 (assuming no exercise of over-allotment option) |
| Number of securities reserved for issuance: | 10,641,323 |
| Listing category: | Industrial, Exempt |
| Trading currencies: | CDN$, US$ |
| Transaction: | Initial public offering of Shares (the "Offering") |
| Listing date: | May 25, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | May 26, 2021 (prior to the opening) |
| Posted for trading date: | May 26, 2021 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Shares commenced trading on TSX on an "if, as and when issued" basis on Thursday, May 20, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Wednesday, May 26, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Tuesday, May 25, 2021, unless the closing of the Offering has been delayed. |
| Other market(s): | None. |
| Temporary market maker: | Integral Wealth Securities Limited |
| Security ownership registration: | Non-certificated inventory system administered by CDS |
| Investor relations: | James Dendle (416) 457-5288 jdendle@tripleflagpm.com Sheldon Vanderkooy (416) 296-0830 svanderkooy@tripleflagpm.com |
| Incorporation: | Canada Business Corporations Act |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a gold-focused streaming and royalty company offering bespoke financing solutions to the metals and mining industry. |
| Transfer agent and registrar: | Computershare Investor Services Inc. at its principal offices in Toronto. |
| Dividends: | The board of directors has established a policy to be effective on completion of the Offering of declaring an annual dividend in the initial amount of $0.19 per common share, to be paid on a quarterly basis, subject to the availability of cash flow. Any determination to pay dividends in the future will be at the discretion of the board of directors and will depend on many factors, including, among others, the Company's financial condition, current and anticipated cash requirements, contractual restrictions and financing agreement covenants, solvency tests imposed by applicable corporate law and other factors that the board of directors may deem relevant. |
| Sponsorship: | Waived |
| Disclosure document: | Final base PREP prospectus and supplemented PREP prospectus dated May 19, 2021, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure documents. |
| Additional information: | The Shares trading under symbol "TFPM.U" will be quoted and traded on TSX in US funds and trading information regarding "TFPM.U" will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Initial public offering: | Pursuant to the terms of the Prospectus, Merrill Lynch Canada Inc., Credit Suisse Securities (Canada), Inc., Scotia Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., and TD Securities Inc. (the "Underwriters") are offering to the public 19,230,770 Shares from treasury at a price of US$13.00 per Share (the "Offering Price"), for gross proceeds of approximately US$250 million to the Company (assuming the over-allotment option is not exercised). In addition, the Company has granted to the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to an additional 15% of the Offering from treasury at the Offering Price. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |
