312,501 Restricted Stock Units of Star Royalties Ltd. are subject to a Lock-Up Agreement Ending on 20-FEB-2022.
February 20, 2022
Share
312,501 Restricted Stock Units of Star Royalties Ltd. are subject to a Lock-Up Agreement Ending on 20-FEB-2022. These Restricted Stock Units will be under lockup for 366 days starting from 19-FEB-2021 to 20-FEB-2022.
Details:
All Common Shares owned or controlled by the principals of the Company will be escrowed at the time of the Offering. A quarter of the aggregate number of shares will be released on the listing date and then a quarter each will be released 6, 12 and 18 months following the listing date, respectively.
4,954,094 Common Shares 1,250,005 RSUs, and 3,735,000 Options are subject to escrow in accordance with NP 46-201.
Of the noted Common Shares, 6,579,784 are expected to be subject to a lock-up period expiring 90 days after the Closing Date.
Of the noted Common Shares, 6,579,784 are expected to be subject to a lock-up period expiring 180 days after the Closing Date.
Of the noted Common Shares, 2,884,000 are expected to be subject to a lock-up period expiring three years after the Closing Date.
Each of the officers and directors of the Company shall agree, in a lock-up agreement to be executed concurrently with the closing of the Offering, that for a period of 180 days from the Closing Date, each will not, directly or indirectly, offer, sell, contract to sell, grant any option to purchase, make any short sale, or otherwise dispose of, or transfer, or announce any intention to do so, any Common Shares or Warrants, whether now owned (or hereinafter acquired) directly or indirectly, or under their control or direction, or with respect to which each has beneficial ownership, or enter into any transaction or arrangement that has the effect of transferring, in whole or in part, any of the economic consequences of ownership of Common Shares or Warrants, whether such transaction is settled by the delivery of Common Shares, Warrants, other securities, cash or otherwise other than pursuant to a take-over bid or any other similar transaction made generally to all of the shareholders of the Company.
Star Royalties Ltd. is a carbon credit and precious metals royalty and streaming company. The Company created a carbon credit royalty in forestry and regenerative agriculture through its majority-owned, pure-green joint venture, Green Star Royalties Ltd. (Green Star), and offers investors exposure to precious metals and carbon credit prices. Its objective is to provide wealth creation by originating accretive transactions with superior alignment to both counterparties and shareholders. It provides financing solutions, including originating and restructuring of royalties and streams in precious metals and in North American nature-based carbon offset projects. It holds royalty and stream assets directly or through its joint venture, Green Star, which includes Elk Gold Project, Copperstone Gold Project, Keysbrook Project, Bayan Undur Project, Baavhai Uul Project, MOBISMART, Lac Seul First Nation Forest Carbon Offset Project, Improved Forest Management (IFM) projects, and others.