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    NOVR   CA6698091056

NOVA ROYALTY CORP.

(NOVR)
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Nova Royalty : Announces Graduation to Tier 1 Status on the TSX Venture Exchange

01/07/2021 | 04:30am EDT

VANCOUVER, BC, Jan. 7, 2021 /CNW/ - Nova Royalty Corp.("Nova" or the "Company") is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV") effective January 8, 2021.

The TSXV classifies issuers into different tiers based on certain standards including historical financial performance, stage of development and financial resources. Tier 1 is the TSXV's premier tier and is reserved for the TSXV's most advanced issuers with the most significant financial resources.  With the graduation to a Tier 1 listing on the TSXV, the securities of Nova previously deposited into escrow will now be governed by the release provisions of issuers subject to Tier 1 status and released over 18 months(1)

About Nova

Nova is a royalty company focused on providing investors with exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR".

ON BEHALF OF NOVA ROYALTY CORP.,

(signed) "Alex Tsukernik"

President and Chief Executive Officer
Phone: (604) 696-4241
Email: info@novaroyalty.com

Website: www.novaroyalty.com

Note 1: the following securities will be immediately releasable: 669,000 common shares, 135,000 ‎warrants, 60,000 options, and 33,000 restricted share units and/or any common shares after the exercise of such convertible securities. The remaining escrowed securities will be ‎releasable as follows: 1,115,000 common shares, 225,000 warrants, 100,000 options, and 55,000 ‎restricted share units will be releasable on April 1, 2021; 1,115,000 common shares, 225,000 warrants, ‎‎100,000 options, and 55,000 restricted share units will be releasable on October 1, 2021; and, 1,115,000 ‎common shares, 225,000 warrants, 100,000 options, and 55,000 restricted share units will be releasable ‎on April 1, 2022 (and/or any common shares after the exercise of such convertible securities).

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nova Royalty Corp.

© Canada Newswire, source Canada Newswire English

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08/30UPDATE : Nova Royalty Gains Near 3% as Completes Acquisition of Aranzazu Royalty
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08/27NOVA ROYALTY : Files Interim Financial Statements for the Second Quarter of 2021, Complete..
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08/27Nova Royalty Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2021
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More news
Financials (USD)
Sales 2021 0,97 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 226 M 226 M -
Capi. / Sales 2021 233x
Capi. / Sales 2022 116x
Nbr of Employees -
Free-Float 80,3%
Chart NOVA ROYALTY CORP.
Duration : Period :
Nova Royalty Corp. Technical Analysis Chart | NOVR | CA6698091056 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 2,68 $
Average target price 4,50 $
Spread / Average Target 68,0%
Managers and Directors
Alex Tsukernik President, Chief Executive Officer & Director
William Tsang Chief Financial Officer
Brett Heath Non-Executive Chairman
Edwin Barnes Tucker Independent Non-Executive Director
Andrew Jamieson Greville Independent Non-Executive Director
Sector and Competitors