Shearman And Sterling

News May 26, 2021

Triple Flag Precious Metal Canadian Initial Public Offering and Concurrent US Private Placement

Shearman & Sterling advised Merrill Lynch Canada, Credit Suisse Securities (Canada), Scotia Capital, CIBC World Markets, BMO Nesbitt Burns, National Bank Financial, RBC Dominion Securities and TD Securities, as underwriters, and their respective U.S. affiliates in connection with Triple Flag Precious Metal Canadian initial public offering and concurrent U.S. private placement pursuant to Rule 144A of an aggregate 19,230,770 shares at an offering price of US $13.00 per share, for aggregate gross proceeds of approximately US$250 million. Triple Flag’s common shares will trade on the Toronto Stock Exchange in Canadian dollars under the symbol “TFPM” and in U.S. dollars under the symbol “TFPM.U”.

Triple Flag is a gold-focused streaming and royalty company offering bespoke financing solutions to the metals and mining industry. Its mission is to be a sought-after, long-term funding partner to mining companies throughout the commodity cycle. Since Triple Flag’s inception in 2016, it has constructed a diversified portfolio of streams and royalties providing exposure primarily to gold and silver in the Americas and Australia. It has 75 assets, including 9 streams and 66 royalties. These investments are tied to mining assets at various stages of the mine life cycle, including 15 producing mines and 60 development and exploration stage projects.

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