RE Royalties Announces Final Closing of Private Placement of Series 4 Secured Green Bonds
RE Royalties (TSXV:RE)(OTCQX:RROYF) has announced the final closing of its non-brokered private placement of Series 4 senior secured green bonds. The company issued 650 Canadian dollar denominated Green Bonds at $1,000 per bond, raising $650,000. Combined with previous closings, the total issuance amounts to 6,529 CAD Green Bonds ($6,529,000) and 340 USD Green Bonds (US$340,000).
The Green Bonds mature on August 29, 2029, offering a 9% annual interest rate paid quarterly. They are secured against the company's royalty and loan investment portfolio. The net proceeds will finance renewable and sustainable energy projects aimed at reducing greenhouse gas emissions. The company paid a $45,500 advisory fee and issued 45,500 warrants exercisable at $0.50 for 36 months.
RE Royalties (TSXV:RE)(OTCQX:RROYF) ha annunciato la chiusura finale della sua emissione privata non intermediata di obbligazioni verdi senior di Serie 4. L'azienda ha emesso 650 obbligazioni verdi denominate in dollari canadesi a $1.000 per obbligazione, raccogliendo un totale di $650.000. Combinato con le chiusure precedenti, il totale dell'emissione ammonta a 6.529 obbligazioni verdi in CAD (6.529.000 dollari) e 340 obbligazioni verdi in USD (340.000 dollari).
Le obbligazioni verdi scadranno il 29 agosto 2029, offrendo un tasso d'interesse annuale del 9% pagato su base trimestrale. Sono garantite dal portafoglio di investimenti in royalty e prestiti dell'azienda. I proventi netti finanzieranno progetti di energia rinnovabile e sostenibile mirati a ridurre le emissioni di gas serra. L'azienda ha pagato una commissione di consulenza di $45.500 e ha emesso 45.500 opzioni convertibili a $0.50 per 36 mesi.
RE Royalties (TSXV:RE)(OTCQX:RROYF) ha anunciado el cierre final de su colocación privada no intermediada de bonos verdes asegurados senior de la Serie 4. La compañía emitió 650 bonos verdes denominados en dólares canadienses a $1,000 por bono, recaudando $650,000. Combinado con cierres anteriores, el monto total de la emisión asciende a 6,529 bonos verdes en CAD ($6,529,000) y 340 bonos verdes en USD (US$340,000).
Los bonos verdes vencen el 29 de agosto de 2029, ofreciendo un tasa de interés anual del 9% pagada trimestralmente. Están asegurados contra el portafolio de regalías e inversiones de préstamos de la compañía. Los ingresos netos financiarán proyectos de energía renovable y sostenible destinados a reducir las emisiones de gases de efecto invernadero. La compañía pagó una tarifa de asesoría de $45,500 y emitió 45,500 opciones de compra a $0.50 durante 36 meses.
RE 로열티 (TSXV:RE)(OTCQX:RROYF)는 비중개 민간 제안 시리즈 4 고위험 보안 그린 본드의 최종 마감을 발표했습니다. 이 회사는 각 1,000 캐나다 달러에 650 개의 그린 본드를 발행하여 650,000 달러를 모금했습니다. 이전 마감과 합쳐서 총 발행량은 6,529 CAD 그린 본드(6,529,000 달러)와 340 USD 그린 본드(340,000 달러)에 달합니다.
그린 본드는 2029년 8월 29일 만기되며 연 이자율 9%, 분기별 지급됩니다. 이들은 회사의 로열티 및 대출 투자 포트폴리오에 대해 담보됩니다. 순수익은 온실가스 감소를 목표로 하는 재생 가능 및 지속 가능한 에너지 프로젝트에 사용됩니다. 이 회사는 45,500 달러의 자문 수수료를 지급하고, 36개월 동안 $0.50에 45,500개의 보증을 발행했습니다.
RE Royalties (TSXV:RE)(OTCQX:RROYF) a annoncé la clôture finale de son placement privé non intermédié d'obligations vertes senior de Série 4. L'entreprise a émis 650 obligations vertes libellées en dollars canadiens à 1 000 $ par obligation, levant ainsi 650 000 $. Combiné aux précédentes clôtures, le montant total émis s'élève à 6 529 obligations vertes en CAD (6 529 000 $) et 340 obligations vertes en USD (340 000 $).
Les obligations vertes arrivent à échéance le 29 août 2029 et offrent un taux d'intérêt annuel de 9% payé trimestriellement. Elles sont garanties par le portefeuille d'investissements en redevances et en prêts de la société. Les recettes nettes financeront des projets d'énergie renouvelable et durable visant à réduire les émissions de gaz à effet de serre. L'entreprise a payé des frais de conseil de 45 500 $ et a émis 45 500 bons d'option exerçables à 0,50 $ pendant 36 mois.
RE Royalties (TSXV:RE)(OTCQX:RROYF) hat den endgültigen Abschluss ihrer nicht vermittelten Privatplatzierung von Serie 4 senior gesicherten grünen Anleihen bekannt gegeben. Das Unternehmen hat 650 in kanadischen Dollar denominierten Grünen Anleihen zu je 1.000 Dollar ausgegeben und somit 650.000 Dollar gesammelt. Zusammen mit vorherigen Abschlüssen beläuft sich die Gesamtemission auf 6.529 CAD Grüne Anleihen (6.529.000 Dollar) und 340 USD Grüne Anleihen (340.000 Dollar).
Die Grünen Anleihen laufen am 29. August 2029 aus und bieten einen 9% jährlichen Zinssatz, der vierteljährlich gezahlt wird. Sie sind durch das Royalty- und Darlehensinvestitionsportfolio des Unternehmens gesichert. Die Nettoerlöse dienen der Finanzierung von erneuerbaren und nachhaltigen Energieprojekten, die darauf abzielen, Treibhausgasemissionen zu reduzieren. Das Unternehmen hat eine Beratungsgebühr von 45.500 Dollar gezahlt und 45.500 Optionsscheine ausgegeben, die für 36 Monate zu $0.50 ausübbar sind.
- Successful raising of $6.529M CAD and US$340K through Green Bonds
- Attractive 9% annual interest rate for investors
- Secured against company's royalty and loan portfolio
- Expansion of funding for renewable energy projects
- Issuance of 45,500 warrants may lead to potential dilution
- High 9% interest rate indicates significant cost of capital
All amounts in Canadian dollars unless otherwise stated
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / December 10, 2024 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, is pleased to announce the successful final tranche closing (the "Final Closing") of its non-brokered private placement (the "Non-Brokered Private Placement") of the Series 4 senior secured green bonds of the Company (the "Green Bonds"), as previously announced on July 4, 2024. The first tranche closing of the Company's marketed private placement offering of Green Bonds (the "Private Placement") was announced on August 29, 2024 (the "First Closing"), and the second tranche closing of the Private Placement was announced on November 13, 2024 (the "Second Closing").
Pursuant to the Final Closing, the Company issued 650 Canadian dollar denominated Green Bonds, with a principal amount of
Together with the First Closing and Second Closing of the Private Placement, and the initial closing of the Non-Brokered Private Placement that closed on August 29, 2024, the Company has issued an aggregate of 6,529 Canadian dollar denominated Green Bonds for aggregate gross proceeds of
The Green Bonds have a maturity date of August 29, 2029 and bear interest at a rate of
Net proceeds from the Green Bonds will be utilized to finance or re-finance renewable and sustainable energy projects that are anticipated to reduce or offset green house gas emissions and assist in mitigating the impact of climate change. The Company has prepared a 2024 Green Bond Framework that is aligned with the International Capital Market Association Green Bond Principles (2021), which framework is available on the Company's website at https://www.reroyalties.com/greenbonds.
In connection with the Final Closing, the Company has paid a corporate advisory fee to certain parties consisting of
The securities issued under the Final Closing are subject to a four-month and one day hold period expiring April 6, 2025 in accordance with securities laws.
This news release shall not constitute an offer to sell or the solicitation of any offers to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the Securities Actor any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any U.S. persons or any persons in the United States.
On Behalf of the Board of Directors,
Bernard Tan
CEO
About RE Royalties Ltd.
RE Royalties Ltd. acquires revenue-based royalties from renewable energy facilities and technologies by providing a non-dilutive financing solution to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in Canada, United States, Mexico, and Chile. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
For further information, please contact:
Talia Beckett, Vice President of Communications and Sustainability
T: (778) 374‐2000
E: taliabeckett@reroyalties.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release includes certain statements that may be deemed "forward-looking information" or "forward- looking statements" within the meaning of Canadian and United States securities law. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions of future events or performance (often, but not always, using words or phrases including, but not limited to, "expects", "does not expect", "is expected", "anticipates", "does not anticipate", "plans", "estimates", "believes", "does not believe" or "intends", or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking information". This information represents predictions, and actual events or results may differ materially.
Forward-looking information in this news release may relate to the Private Placement, including, but not limited to, statements with respect to the anticipated use of net proceeds. Forward-looking information contained in this discussion is based on certain assumptions regarding Private Placement.
While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the renewable energy industry generally; income tax and regulatory matters; the ability of the Company to implement its business strategies including expansion plans; competition; currency and interest rate fluctuations; and the other risks discussed under the heading "Risk Factors" in the Company's annual information form dated May 2, 2024. The foregoing factors are not intended to be exhaustive.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date hereof and the Company and its directors, officers and employees disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. All forward-looking information is expressly qualified in its entirety by this cautionary statement. Any forward-looking statements contained in this discussion are made as of the date hereof and the Company does not undertake to update or revise them, except as may be required by applicable securities laws.
SOURCE: RE Royalties Ltd.
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FAQ
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