Re Royalties - RROYF STOCK NEWS

RE Royalties Ltd (OTCQX:RROYF) announced its participation in the inaugural Canadian Climate Investor Conference on June 8, 2023, at the Hyatt Regency Toronto. The event aims to connect clean energy companies with climate-conscious investors to discuss capital deployment for sustainability. Presentations will highlight how participating companies contribute to the energy transition and present attractive returns. Attendees can expect interactive sessions, networking opportunities, and insights from over ten companies, including RE Royalties. Entry is free for investors, requiring advance registration. This conference marks an important step towards democratizing investments in the clean economy.

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) announced a cash distribution of $0.01 per common share for Q1 2023, payable on May 24, 2023, to shareholders of record on May 3, 2023. The total dividends declared for 2023 remain at $0.01 per share. CEO Bernard Tan stated there has been an increasing trend in the company’s revenues and cash flow, indicating strong demand for its royalty financing solutions. The company is focused on expanding its portfolio in the renewable energy sector, where it holds over 100 royalties across solar, wind, hydro, and other projects in North America, Mexico, and Europe.

RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) has successfully completed the final closing of its non-brokered private placement offering of Series 3 senior secured green bonds, raising $297,000 from the issuance of 297 bonds.

In total, the company has issued 16,423 green bonds for gross proceeds of $16,423,000 (CAD) and 1,242 bonds for $1,242,000 (USD). These bonds carry a 9% interest rate and mature on January 30, 2028.

Net proceeds will fund renewable energy investments, enhancing the company’s portfolio in the rapidly growing market.

RE Royalties Ltd. (TSX.V:RE)(OTCQX:RROYF) has completed the final closing of its public offering of Series 3 senior secured green bonds, raising C$1,959,000. This concludes a total of C$16,126,000 raised through multiple closings. The green bonds, maturing on January 30, 2028, bear a 9% interest rate payable quarterly. Proceeds will be used for acquiring royalties and providing loans to renewable energy companies. Notably, the company is leveraging a Green Bond Framework aligned with the International Capital Market Association's principles. The offering was managed by Canaccord Genuity Corp. and Integral Wealth Securities Limited.

RE Royalties Ltd. (RROYF) has announced an increase in its max allocation for Canadian dollar denominated Green Bonds from C$8,000,000 to C$10,000,000, with no change to the U.S. dollar allocation of US$5,000,000.

The company aims to raise a total of C$23,000,000 through a mix of private placements and public offerings. The Green Bonds will bear a 9% interest rate and are secured against the company's portfolio of royalty investments, maturing on January 30, 2028.

Net proceeds will target acquisitions in the renewable energy sector. The offering's securities are not registered in the U.S.