GoldMining Inc T.GOLD

Goldmining subsidiary Gold Royalty Corp (GRC) announces

[Huntamun1234]

ROADSHOW is launched.....6,000,000 Units under the IPO at a price of US$5.00
per Unit.

Each Unit will be comprised of one common share of GRC and one-half share of a
warrant to purchase a common share. Each full warrant will entitle the holder thereof
to acquire one common share at a price of US $7.50 per share for a period of three
years. 

Syndicate includes CIBC, Haywood Securities, Raymond James, Roth Cap, Scotiabank, Sprott Cap, And TD Securities

NOW WHAT ??

[liegeois1]

Could someone explain the exact consequences of this announcement ? As I understand it, if you own more or less 150.000 shares of Golmining, it is about 1/1000 of all existing shares, so you should receice 6.000 shares and 3.000 warrants of GRC at 5$/unit. Is it that simple? Do you have to contact your broker ? Thank you.

[Huntamun1234]

My understanding is that as a current shareholder of GLDG you will NOT recieve any shares or warrants of GRC. Ordinarily in order to subscribe to an IPO you have to be a qualified investor. (Income of over 250k or free net worth of one million). Not sure what the company will do here. GLDG will be  a substantial share holder of GRC stock, so the derived benifit to us as stockholders

[Correctionor]

It’s not that complicated. Goldmining's share structure does not change whatsoever. This new streaming subsidiary is wholly owned by Goldmining and is selling only part of its outstanding shares in an IPO. There are not share effects in this deal.You do not have to do anything. You get nothing. Goldmining, through the subsidiary, is planning to raise $30M to put into it’s properties or