Northampton Plan of Arrangement With Altius Renewable Royalties Corp. Approved Following Final Court Order
Northampton Capital Partners has completed the acquisition of Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) common shares for C$12.00 per share, excluding shares indirectly owned by Altius Minerals The transaction was executed through a statutory plan of arrangement under Alberta's Business Corporations Act, following final approval from the Court of King's Bench of Alberta on November 29, 2024.
The deal marks the beginning of what Northampton CEO Geoffrey Strong describes as a potential long-term partnership, expressing confidence in ARR and the Great Bay Renewables team's achievements.
Northampton Capital Partners ha completato l'acquisizione delle azioni ordinarie di Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) al prezzo di C$12,00 per azione, escluse le azioni possedute indirettamente da Altius Minerals. La transazione è stata effettuata tramite un piano statutario di riorganizzazione ai sensi della Corporate Act dell'Alberta, dopo l'approvazione finale da parte della Corte di King's Bench dell'Alberta il 29 novembre 2024.
Quest'accordo segna l'inizio di quella che il CEO di Northampton, Geoffrey Strong, ha descritto come una potenziale partnership a lungo termine, esprimendo fiducia nei risultati di ARR e del team di Great Bay Renewables.
Northampton Capital Partners ha completado la adquisición de acciones ordinarias de Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) a un precio de C$12.00 por acción, excluyendo las acciones poseídas indirectamente por Altius Minerals. La transacción se realizó a través de un plan estatutario de reorganización bajo la Ley de Sociedades Comerciales de Alberta, tras la aprobación final de la Corte de King's Bench de Alberta el 29 de noviembre de 2024.
Este acuerdo marca el inicio de lo que el CEO de Northampton, Geoffrey Strong, describe como una potencial asociación a largo plazo, expresando confianza en ARR y en los logros del equipo de Great Bay Renewables.
노샘프턴 캐피탈 파트너스(Northampton Capital Partners)가 알티우스 재생 가능 로열티 Corp. (TSX:ARR, OTCQX:ARTWF) 보통주를 C$12.00 per share에 인수 완료하였으며, 알티우스 미네랄스가 간접적으로 소유한 주식은 제외됩니다. 이 거래는 앨버타 상법에 따른 법적 조직 계획을 통해 실행되었으며, 2024년 11월 29일 앨버타 주 왕의 벤치 법원의 최종 승인을 받았습니다.
이 거래는 노샘프턴의 CEO 제프리 스트롱이 장기적인 파트너십의 시작으로 설명하며, ARR과 그레이트 베이 재생 가능팀의 성과에 대한 신뢰를 표현하고 있습니다.
Northampton Capital Partners a finalisé l'acquisition des actions ordinaires de Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) au prix de C$12,00 par action, à l'exclusion des actions détenues indirectement par Altius Minerals. La transaction a été exécutée par un plan de réorganisation statutaire en vertu de la Loi sur les sociétés commerciales de l'Alberta, suite à l'approbation finale de la Cour du banc du roi de l'Alberta le 29 novembre 2024.
Cette entente marque le début de ce que le PDG de Northampton, Geoffrey Strong, décrit comme un partenariat potentiel à long terme, exprimant sa confiance dans ARR et les réalisations de l'équipe de Great Bay Renewables.
Northampton Capital Partners hat die Übernahme von Stammaktien der Altius Renewable Royalties Corp. (TSX:ARR, OTCQX:ARTWF) zum Preis von C$12,00 pro Aktie abgeschlossen, wobei die indirekt von Altius Minerals gehaltenen Aktien ausgeschlossen sind. Die Transaktion wurde durch einen gesetzlichen Umstrukturierungsplan gemäß dem Unternehmensgesetz von Alberta durchgeführt, nachdem die Genehmigung des Gerichts von King's Bench in Alberta am 29. November 2024 erteilt wurde.
Der Deal markiert den Beginn dessen, was der CEO von Northampton, Geoffrey Strong, als potenzielle langfristige Partnerschaft beschreibt, und drückt Vertrauen in die Leistungen von ARR und dem Great Bay Renewables-Team aus.
- Successful acquisition completion at C$12.00 per share
- Court approval obtained for the arrangement
- Strategic partnership potential for business growth
- None.
The Northampton Purchaser acquired the common shares by way of a statutory plan of arrangement under the Business Corporations Act of
Geoffrey Strong, Chief Executive Officer of
Advisors and Counsel
National Bank Financial Inc. acted as the independent valuator and financial advisor to the Special Committee of ARR in connection with the Transaction.
McCarthy Tétrault LLP and Pierce Atwood LLP acted as counsel to ARR.
Kirkland & Ellis LLP and Mintz LLP acted as counsel to
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205144136/en/
Don McCarthy
Partner, Chief Operating Officer & Chief Compliance Officer
Email: dmccarthy@northamptonllc.com
Christine McCartin
Vice President of Investor Relations
Email: cmccartin@northamptonllc.com
Source: Northampton Capital Partners LLC
FAQ
What is the acquisition price per share for Altius Renewable Royalties Corp (ARTWF)?
When did the Court of King's Bench of Alberta approve the ARR (ARTWF) arrangement?
Which shares of ARR (ARTWF) were excluded from the Northampton acquisition?
