VANCOUVER, June 6, 2019 /CNW/ - Maverix Metals Inc. (the
"Company" or "Maverix") (TSX-V: MMX) is pleased to welcome a number
of new institutions as shareholders of the Company.
The Company is aware that, through a series of private
transactions completed over the last three weeks, Gold Fields
Netherlands Services B.V., a wholly owned subsidiary of Gold Fields
Limited ("Gold Fields"), has sold their entire holding of
21,425,000 common shares of Maverix, which represented
approximately 19.9% of the issued and outstanding common shares of
the Company, on a non-diluted basis.
"We would like to sincerely thank Gold Fields for their support
during their time as a major shareholder of Maverix", said the
Company's Chairman, Geoff Burns.
"Entrusting us to steward their royalty portfolio in late 2016 was
a transformational growth step for the Company and our relationship
with Gold Fields since that time has been excellent and proved to
be mutually rewarding."
The purchasers of the Gold Fields block were primarily North
American based financial institutions, led by Resolute Funds
Limited and Tocqueville Asset Management.
Dan O'Flaherty, Maverix's
President and CEO, commented, "We would like to warmly welcome
these institutions as new shareholders of Maverix, recognizing them
as global leaders in the mining investment sector. With our recent
application to list on the NYSE American, our conditional approval
for graduation to the TSX, and now broadening our shareholder base,
we continue to execute on our plan to grow our public markets
profile, attract a wider investor following and improve our trading
liquidity."
About Maverix
Maverix is a gold royalty and streaming company. Maverix's
mission is to provide its shareholders with significant low risk
leverage to precious metal prices and to increase underlying per
share value by expanding its portfolio with acquisitions of
high-quality royalties and streams that offer robust returns.
NEITHER THE TSX VENTURE EXCHANGE ("TSX-V") NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Cautionary note regarding forward-looking statements
This release contains certain "forward looking statements" and
certain "forward-looking information" as defined under applicable
Canadian and U.S. securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. Forward-looking statements and information include, but
are not limited to, statements with respect to the completion of
the graduation to the TSX and the final approval for listing on the
NYSE American, LLC. Forward-looking statements and information are
based on forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to
be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual actions,
events or results to be materially different from those expressed
or implied by such forward-looking information, including but not
limited to: the impact of general business and economic conditions;
the absence of control over mining operations from which Maverix
will purchase gold and other metals or from which it will receive
royalty payments and risks related to those mining operations,
including risks related to international operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining and current exploration
activities, conclusions of economic evaluations and changes in
project parameters as plans continue to be refined; accidents,
equipment breakdowns, title matters, labor disputes or other
unanticipated difficulties or interruptions in operations; problems
inherent to the marketability of gold and other metals; the
inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses; industry conditions,
including fluctuations in the price of the primary commodities
mined at such operations, fluctuations in foreign exchange rates
and fluctuations in interest rates; government entities
interpreting existing tax legislation or enacting new tax
legislation in a way which adversely affects Maverix; stock market
volatility; regulatory restrictions; liability, competition, loss
of key employees and other related risks and uncertainties. Maverix
undertakes no obligation to update forward-looking information
except as required by applicable law. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
SOURCE Maverix Metals Inc.