Triple Flag completes initial public offering of common shares

May 26, 2021

Torys represented Triple Flag with a team that included Michael Pickersgill, Glen Johnson, Pat Chapman, Sarah Fallis, Braden Jebson (corporate/Canadian securities), Mile Kurta, Chris Bornhorst, Rayanna Smith, Winnie Hu (corporate/U.S. securities), Jennifer Lennon, Brad Tartick (employment), David Mattingly, Christopher Saki (U.S. tax) and Craig Maurice (Canadian tax).

On May 26, 2021, Triple Flag Precious Metals Corp. (“Triple Flag”) completed its initial public offering of common shares. Pursuant to the offering, Triple Flag sold an aggregate of 19,230,770 common shares at a price of US$13.00 per share, for gross proceeds of US$250 million.

The offering was co-led by BofA Securities, Credit Suisse, and Scotiabank together with CIBC Capital Markets, BMO Capital Markets, National Bank Financial, RBC Capital Markets and TD Securities Inc. as underwriters.

The underwriters have been granted an over-allotment option to purchase up to an additional 2,884,615 common shares at a price of US$13.00 per share for additional gross proceeds of US$37.5 million if the over-allotment option is exercised in full. The over-allotment option can be exercised for a period of 30 days from the closing date of the offering.

Further information can be found on Business Wire’s website.

Triple Flag is a gold-focused streaming and royalty company offering bespoke financing solutions to the metals and mining industry.