Guerrero ventures to buy royalty and stream portfolios from orion and yamana

Guerrero ventures to acquire royalty and stream portfolios from orion and yamana and launch nomad royalty company.guerrero ventures - intends to raise up to $10 million in concurrent marketed private placement of subscription receipts.has obtained a lead order of $3 million in connection with private placement.will acquire a portfolio of assets from orion for total consideration of $268 million.guerrero ventures-deal with funds related to orion,yamana to buy 2 portfolios of royalty,stream,gold loan assets for $268 million & $65 million, respectively.will satisfy purchase price by issuing 396,455,965 common shares to orion at a price of cad $0.90 per common share.upon closing of acquisitions, guerrero intends to change its corporate name to nomad royalty company ltd.upon closing of transaction, orion is expected to hold approximately 77% of nomad's outstanding common shares.
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