viewNova Royalty Corp.

Nova Royalty bolsters board, management team; files final base shelf prospectus

Bill Tsang will replace Doug Reed as the copper and nickel company's CFO

Nova Royalty Corp. -
EB Tucker, Nova's new independent director, has held analyst and editor positions at several financial newsletters, including Stansberry's Investment Advisory and Doug Casey's Casey Report

Nova Royalty Corp.(CVE:NOVR) announced a pair of additions to its ranks Tuesday, bringing on EB Tucker as an independent director and Bill Tsang as CFO, both effective immediately.

EB Tucker has held analyst and editor positions at several financial newsletters, including Stansberry's Investment Advisory and Doug Casey's Casey Report, before launching his own service, Strategic Investor. He is currently an independent director of Metalla Royalty & Streaming (NYSE:MTA).

Before that, he was managing director of KSIR Capital Management, an asset management firm he co-founded. He is also the author of “Why Gold? Why Now?” a book detailing mineral royalties as a powerful and unique asset class. 

READ: Nova Royalty to acquire an existing 0.24% royalty on First Quantum's Taca Taca project

Bill Tsang is a CPA with more than 10 years of financial accounting and auditing experience in the mineral exploration and mining industry, the company said. He has served as CFO of multiple publicly traded companies and worked in public practice providing professional services and advice to companies on the NYSE, TSX-V, and OTC markets. 

Tsang will be replacing Doug Reed, who has served as the copper and nickel royalty company’s CFO since 2018. Reed was instrumental to Nova’s growth and its recent going public transaction, the company said.

"EB Tucker has been a supportive shareholder of Nova since the very beginning, and it is a pleasure to welcome him to the board,” CEO Alex Tsukernik said in a statement. “We are also excited to welcome Bill Tsang as the new CFO of Nova. Bill provided excellent financial stewardship to Metalla during a period of exceptional growth, and we look forward to his guidance as Nova evolves into a premier royalty company. We are sincerely thankful to Doug Reed for all of his contributions since our inception and wish him the very best".

Final base shelf prospectus

Nova also announced that it has filed a final short form base shelf prospectus with regulatory authorities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. 

The prospectus will enable the company to make offerings of up to C$150 million worth of ‎common shares, warrants, subscription receipts, share purchase contracts, units and debt securities during a 25-month period.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Nova Royalty Corp.

Price: 4.18 CAD

Market: TSX-V
Market Cap: $322.58 m

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