Investor Presentaiton
Franco
Nevada - $75 million Senior Term Loan
O GMIN has executed definitive documentation for a $75 million (C$98 million) Senior Term Loan from Franco-Nevada with the following
terms:
Term: 6.0 years
Availability Period: Multi-draw facility available after the stream deposit is fully drawn, at GMIN's discretion for up to 3.5 years
Standby fee on undrawn amounts of 1.0% per annum, which GMIN has the option of accruing and capitalizing for the
first 2.0-year period
Coupon: 3-Month Term SOFR(1) + 5.75% per annum pre-project completion, reducing to SOFR (1) + 4.75% after completion
2.0-year interest deferral period during which GMIN has the option of accruing and capitalizing interest
Amortization: Principal, accrued interest, and accrued fees are repayable starting in December 2025 as follows:
10 equal quarterly payments equal to 7.5% of the balance outstanding; and
Bullet payment equal to 25.0%
Original Issue Discount: 2.0% applicable on amounts drawn
Franco-Nevada will be granted 11.5 million warrants with a five-year term and an exercise price of C$1.90 per share
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Exercise price equals the exercise price of the existing warrants issued as part of GMIN's September 2021 financing
Warrants will have a cashless exercise to enable Franco-Nevada to avoid its holdings from exceeding 9.9% of GMIN's
common shares outstanding at time of exercise
(1) Secured Overnight Financing Rate.
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