RE ROYALTIES LTD - RROYF STOCK NEWS

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.

RE Royalties Ltd. (RROYF) announced the initial closing of its non-brokered private placement for Series 3 senior secured green bonds. The company issued 6,599 Canadian dollar bonds, raising C$6,599,000, alongside 255 USD bonds, totaling US$255,000. The total gross proceeds from public and private offerings reached C$11,714,000 and US$272,000. These bonds mature on January 30, 2028, with a 9% annual interest rate. The funds will support revenue-based royalties and loans to renewable energy companies. A corporate advisory fee of C$461,930 and US$17,850 was paid, plus 319,853 warrants issued, exercisable at $0.75 for three years.

RE Royalties Ltd has acquired a gross revenue royalty on the 27 MW Jackson Center Solar Project Phase 2 in Pennsylvania, developed by Teichos Energy. This project will produce an estimated 42,800 MWh of clean energy annually. As part of the deal, RE Royalties committed a USD $1.8 million secured loan to Teichos, with a 13% interest rate. The company will earn a 1% royalty on gross revenues for 15 years once operational, which may rise to 2% if the loan is extended. Previously, RE Royalties financed Jackson Center Solar Project Phase 1 with a USD $2.2 million loan.

RE Royalties Ltd. (OTCQX:RROYF) has announced the initial closing of its public offering of Series 3 senior secured green bonds, raising C$5,115,000 and US$17,000. Each bond has a principal amount of C$1,000 and USD$1,000, with a five-year term and a 9% annual interest rate, payable quarterly. Proceeds will fund renewable energy investments. The offering, managed by Canaccord Genuity and Integral Wealth Securities, involves 239,493 warrants issued to agents. Final closing is expected by February 27, 2023. This financing underscores RE Royalties' commitment to supporting renewable energy projects.

RE Royalties Ltd. (OTCQX:RROYF) announced a non-brokered private placement of Green Bonds, aiming to raise up to C$8,000,000 in Canadian dollars and US$5,000,000 in U.S. dollars. The offering follows a previous news release regarding a public offering and has a maximum total target of C$23,000,000. These bonds have a five-year term and a 9% annual interest rate, secured against the company’s royalty and loan investments. Proceeds will enhance financing for renewable energy companies. The offering complies with Green Bond Principles and securities will be subject to a four-month hold period.

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has declared a cash dividend of $0.01 per common share for Q4 2022, payable on February 22, 2023, to shareholders recorded by February 1, 2023. The total dividend for the 2022 fiscal year is $0.04 per share. CEO Bernard Tan highlighted over $20 million in investments made in fiscal 2022, indicating ongoing revenue growth. The company continues to explore new transactions, aiming for sustained growth in upcoming quarters.

RE Royalties Ltd (TSXV:RE, OTCQX:RROYF) reported financial results for Q3 2022, showcasing a 156% year-over-year increase in quarterly revenue, reaching $1.3 million. Gross profit also surged by 177% to $1.24 million. Year-to-date revenue and income totaled $3.15 million, a 130% increase, with gross profit at $2.91 million, up 154%. The company expanded its portfolio with loans to Switch Power and ReVolve, enhancing recurring revenue streams. Cash and cash equivalents stood at $8.35 million as of the quarter-end.