RE Royalties Completes $ 10.3 Million Series 2 Green Bond Closing

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All amounts in Canadian dollars, unless otherwise indicated

NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / December 30, 2021 / RE Royalties Ltd. (TSXV: RE) (“RE Royalties“or the”Society“), a global leader in royalty-based renewable energy financing, is pleased to announce the successful closing of its traded” best “private placement of Series 2-2021 Green Bond (the”Green bonds“), due December 30, 2026 for total gross proceeds of $ 10.3 million.

As part of the Series 2-2021 Green Bond Private Placement, the Company issued 5,166 Green Bonds with a principal amount of C $ 1,000 per Green Bond for total gross proceeds of C $ 5,166,000 (“Green bonds in Canadian dollars“). The Company also issued 4,000 green bonds with a principal amount of US $ 1,000 per green bond for total gross proceeds of US $ 4,000,000 (“Green bonds in US dollars“), or the equivalent of approximately $ 5,120,000 in Canadian dollars. Each Green Bond bears interest at a rate of 6% per annum, payable quarterly and is secured by the Company’s royalty and loan portfolio.

Canaccord Genuity Corp has acted as agent (the “Agent“) In accordance with an agreement entered into between the Company and the Agent concerning the offering of green bonds. In connection with the closing of the Series 2-2021 Green Bonds, the Company paid the agent a cash commission of $ 309,960 for the US Dollar Green Bonds and US $ 240,000 for the US Dollar Green Bonds. .

The net proceeds of the placement will be used to finance or refinance renewable and sustainable energy projects that will reduce or offset greenhouse gas emissions and help mitigate the impact of climate change. The company has prepared a framework for green bonds aligned with the Green Bond Principles of the International Capital Market Association (2018), which framework is available on the company’s website, here.

On behalf of the Board of Directors,

Bernard Tan
CEO

About RE Royalties Ltd.

RE Royalties Ltd. acquires royalties based on revenues from renewable energy production facilities by providing a non-dilutive financing solution to private and listed companies producing and developing renewable energy. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently holds 98 royalties on solar, wind, storage and hydroelectric projects in Canada, Europe and the United States. The Company’s business objectives are to provide shareholders with strong and growing returns, strong capital protection, a high rate of growth through reinvestment and a sustainable investment focus.

For more information, please contact:

Investor contact:

Renmark Financial Communications Inc.
Daniel Gordon: [email protected]
Phone. : (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Media contact:

RE Royalties
Talia Beckett: [email protected]
Phone: (778) 374‐2000
www.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) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking information”) concerning the Company and within the meaning of Canadian securities laws. Forward-looking information is generally identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those which, by their nature, refer to future events. This information represents forecasts and actual events or results may differ materially. Forward-looking information may relate to the future prospects of the Company and anticipated events or results and may include statements regarding the Company’s financial results, future financial condition, expected growth in cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, goals, industry trends and growth opportunities, including financing. The reader is encouraged to consult the most recent Company documents on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which can be viewed through the Company’s profile page at www .sedar.com.

THE SOURCE: RE Royalties Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/680263/RE-Royalties-Completes-103-Million-Closing-of-Series-2-Green-Bonds

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