Brief: Triple Flag And Maverix To Combine Into A Precious Metals Streaming And Royalty Company

Triple Flag Precious Metals

10/11/2022 11:54

Nov 10 (Reuters) - Maverix Metals Inc  MMX.TO :
    * TRIPLE FLAG AND MAVERIX TO COMBINE: BUILDING THE NEXT
SENIOR
PRECIOUS METALS STREAMING AND ROYALTY COMPANY
    * TRIPLE FLAG PRECIOUS METALS - MAVERIX SHAREHOLDERS MAY
ELECT TO
RECEIVE EITHER US$3.92 IN CASH OR 0.360 OF A TRIPLE FLAG SHARE
PER MAVERIX SHARE HELD
    * TRIPLE FLAG PRECIOUS METALS CORP - PURCHASE PRICE IMPLIES
A
TOTAL EQUITY VALUE FOR MAVERIX OF US$606 MILLION ON A FULLY
DILUTED BASIS
    * TRIPLE FLAG PRECIOUS METALS CORP - COMBINED COMPANY WILL
CONTINUE AS TRIPLE FLAG PRECIOUS METALS CORP., HEADQUARTERED IN
TORONTO
    * TRIPLE FLAG PRECIOUS METALS CORP - COMBINED COMPANY WIL BE
LED
BY SHAUN USMAR AS CEO
    * TRIPLE FLAG PRECIOUS METALS -MAVERIX SHAREHOLDERS WHO DO
NOT
ELECT TO RECEIVE EITHER CO'S SHARES OR CASH WILL BE DEEMED TO
ELECT DEFAULT CONSIDERATION
    * TRIPLE FLAG PRECIOUS METALS CORP - UPON COMPLETION,
EXISTING
TRIPLE FLAG AND MAVERIX SHAREHOLDERS WOULD OWN ABOUT 77% AND 23%
OF COMBINED CO
    * TRIPLE FLAG PRECIOUS METALS -  AFTER CLOSE,  EXPECT GEOFF
BURNS,
FOUNDER AND CHAIR OF MAVERIX, AND ANOTHER NOMINEE OF MAVERIX
WILL JOIN CO'S BOARD
    * TRIPLE FLAG PRECIOUS METALS CORP - TRANSACTION EXPECTED TO
BE
ACCRETIVE TO BOTH NET ASSET VALUE AND CASH FLOW PER SHARE
    * TRIPLE FLAG PRECIOUS METALS CORP - PROPOSED DEAL DEFAULT
CONSIDERATION OF 0.360 TRIPLE FLAG SHARES PER MAVERIX SHARE

Source text for Eikon:  ID:nBw4Sr6kDa 
Further company coverage:  MMX.TO 
 ((Reuters.Briefs@thomsonreuters.com;))