Altius Renewable Royalties Corp. Responds to Market Speculation
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) has issued a statement in response to unusual price action and trading volumes in its common shares over the past week. The company disclosed that it has been in discussions with a third party regarding the potential acquisition of minority shareholders' positions, excluding Altius Minerals' stake, at a targeted price of C$12.00 per share.
ARR emphasized that no agreement has been reached at this time, and there is no guarantee that any agreement will be concluded. The company also noted that it regularly evaluates various strategic opportunities as part of its normal business operations.
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) ha rilasciato un comunicato in risposta a movimenti di prezzo e volumi di scambio insoliti per le sue azioni ordinarie nell'ultima settimana. L'azienda ha dichiarato di essere stata in discussioni con una terza parte riguardo alla potenziale acquisizione delle posizioni dei soci di minoranza, escludendo la partecipazione di Altius Minerals, a un prezzo mirato di 12,00 C$ per azione.
ARR ha sottolineato che non è stato raggiunto alcun accordo fino a questo momento e non c'è garanzia che venga concluso un accordo. L'azienda ha anche notato che valuta regolarmente varie opportunità strategiche come parte delle sue normali operazioni commerciali.
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) ha emitido un comunicado en respuesta a movimientos de precios y volúmenes de negociación inusuales en sus acciones comunes durante la última semana. La compañía reveló que ha estado en discusiones con una tercera parte sobre la posible adquisición de las posiciones de accionistas minoritarios, excluyendo la participación de Altius Minerals, a un precio objetivo de 12,00 C$ por acción.
ARR enfatizó que no se ha alcanzado ningún acuerdo en este momento y no hay garantía de que se concluya un acuerdo. La empresa también señaló que evalúa regularmente diversas oportunidades estratégicas como parte de sus operaciones comerciales normales.
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF)는 지난 주 자사 보통주에서 비정상적인 가격 움직임과 거래량에 대한 성명을 발표했습니다. 이 회사는 Altius Minerals의 지분을 제외하고 타사와의 논의 중에 있으며, 소액주주의 지분 매입 가능성에 대해 주당 12.00 C$의 목표 가격을 설정했다고 밝혔습니다.
ARR은 현재 어떠한 합의도 이루어지지 않았다고 강조했으며, 합의가 체결될 것이라는 보장도 없다고 설명했습니다. 이 회사는 또한 정기적으로 다양한 전략 기회를 평가하고 있다고 덧붙였습니다.
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) a publié une déclaration en réponse à des mouvements de prix et des volumes de négociation inhabituels concernant ses actions ordinaires au cours de la dernière semaine. La société a indiqué qu'elle était en discussions avec un tiers concernant l'éventuelle acquisition des positions des actionnaires minoritaires, à l'exception de la participation d'Altius Minerals, à un prix cible de 12,00 C$ par action.
ARR a souligné qu'aucun accord n'a été conclu à ce jour et qu'il n'y a aucune garantie qu'un accord sera finalisé. L'entreprise a également noté qu'elle évalue régulièrement diverses opportunités stratégiques dans le cadre de ses opérations commerciales normales.
Die Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) hat eine Erklärung in Reaktion auf ungewöhnliche Preisbewegungen und Handelsvolumina ihrer Stammaktien in der vergangenen Woche abgegeben. Das Unternehmen gab bekannt, dass es Verhandlungen mit einer dritten Partei über den möglichen Erwerb von Anteilen der Minderheitsaktionäre, ausgenommen den Anteil von Altius Minerals, zu einem angestrebten Preis von 12,00 C$ pro Aktie führt.
ARR betonte, dass derzeit keine Einigung erzielt wurde und es keine Garantie gibt, dass eine Einigung erzielt wird. Das Unternehmen wies auch darauf hin, dass es regelmäßig verschiedene strategische Möglichkeiten bewertet, die Teil seines normalen Geschäftsbetriebs sind.
- Potential acquisition offer at C$12.00 per share for minority shareholders
- Company actively exploring strategic opportunities
- Uncertainty surrounding the potential acquisition deal
- No guarantee of reaching an agreement
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ARR notes that it has been holding discussions with a third party about acquiring the minority shareholders’ position (excluding Altius Minerals’ position) at a targeted price of
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 35 renewable energy royalties representing approximately 2.6 GW of renewable power on operating projects and an additional approximate 5.6 GW on projects in construction and 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. 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 ARR’s profile at www.sedarplus.ca.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909496744/en/
For further information, please contact:
Flora Wood
Email: Flora@arr.energy
Tel: 1.877.576.2209
Direct: +1.416.346.9020
Ben Lewis
Email: Ben@arr.energy
Tel: +1.877.576.2209
Source: Altius Renewable Royalties Corp.
FAQ
What caused the unusual trading activity in Altius Renewable Royalties Corp (ATRWF) shares?
What is the proposed offer price for Altius Renewable Royalties Corp (ATRWF) minority shareholders?
Has Altius Renewable Royalties Corp (ATRWF) reached an agreement on the potential acquisition?
Who is the third party interested in acquiring Altius Renewable Royalties Corp (ATRWF) minority shares?
