Altius Renewable Royalties Corp. Announces Partial Exercise of Over-Allotment Option
Altius Renewable Royalties Corp. (OTCQX: ATRWF) announced the partial exercise of the over-allotment option from its recent public offering, issuing an additional 368,800 common shares at $9.00 each, raising C$3,319,200. The proceeds will be used for general corporate purposes. ARR has 32 renewable energy royalties totaling 735 MW in operating projects and about 6 GW in development, aiming to support the global energy transition.
- Raised C$3,319,200 through the partial exercise of the over-allotment option.
- Possesses 32 renewable energy royalties totaling 735 MW in operating projects.
- Approximately 6 GW of renewable projects are in the development phase.
- None.
NOT FOR DISTRIBUTION TO
ST. JOHN’S,
The Company intends to use the net proceeds from the partial exercise of the Over-Allotment Option for general corporate purposes.
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 32 renewable energy royalties representing 735 MW of renewable power on operating projects and an additional approximately 6 GW on projects in development phase, across several regional power pools in the
Forward-Looking Information
This news release contains forward-looking information as defined under Canadian securities laws which reflect management’s current expectations. Some of the specific forward-looking statements contained herein include, but are not limited to, the intended use of proceeds. The statements are based on reasonable assumptions and expectations of management and ARR provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although ARR believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Prospectus Supplement. Readers should not place undue reliance on forward-looking information. ARR does not undertake to update any forward-looking information contained herein except in accordance with securities regulation. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of ARR under the Company’s profile at www.sedar.com.
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For further information, please contact:
Email: Flora@arr.energy
Tel: 1.877.576.2209
Direct: +1.416.346.9020
Email: Ben@arr.energy
Tel: +1.877.576.2209
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