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CVW Sustainable Royalties Announces Closing of $50 Million Fairfax Strategic Investment
Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - CVW Sustainable Royalties Inc. (TSXV: CVW) (OTCQX: CVWFF) (FSE: TMD) ("CVW Royalties" or the "Company") is pleased to confirm the closing of the previously announced $50.0 million strategic investment by Fairfax Financial Holdings Limited, through certain of its subsidiaries ("Fairfax"), into the Company (the "Fairfax Strategic Investment"). The Fairfax Strategic Investment was completed following the approval by the Company's shareholders...
About this update from Fairfax Financial Holdings Limited
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - April 16, 2026) - CVW Sustainable Royalties Inc. (TSXV: CVW) (OTCQX: CVWFF) (FSE: TMD) ("CVW Royalties" or the "Company") is pleased to confirm the closing of the previously announced $50.0 million strategic investment by Fairfax Financial Holdings Limited, through certain of its subsidiaries ("Fairfax"), into the Company (the "Fairfax Strategic Investment"). The Fairfax Strategic Investment was completed following the approval by the Company's shareholders (the "Shareholders") of the special resolution authorizing the creation of a new class of non-voting common shares (the "Non-Voting Common Shares") at a special meeting of the Shareholders held on April 14, 2026.","length":774,"tagName":"p"},{"type":"text","content":"Pursuant to the Fairfax Strategic Investment, the Company issued a combination of common share units (the "Fairfax Voting Units") and non-voting common share units (the "Fairfax Non-Voting Units") to Fairfax for aggregate gross proceeds of $50.0 million, structured as follows:","length":297,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Tranche 1 – 54,600,712 Fairfax Voting Units purchased by Fairfax at a price of $0.78 per Fairfax Voting Unit for gross proceeds of approximately $42,588,555. Each Fairfax Voting Unit consists of one common share of the Company (a "Common Share") and one warrant exercisable to purchase a Non-Voting Common Share at a price of $0.95 per Non-Voting Common Share for a period of two years from the date of closing (the "Non-Voting Common Share Warrants").","length":477,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Tranche 2 – 9,501,852 Fairfax Non-Voting Units purchased by Fairfax at a price of $0.78 per Fairfax Non-Voting Unit for gross proceeds of approximately $7,411,445. Each Fairfax Non-Voting Unit consists of one Non-Voting Common Share and one Non-Voting Common Share Warrant.","length":278,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":755,"olType":false},{"type":"text","content":"The Non-Voting Common Shares are convertible into Common Shares by Fairfax, subject to a beneficial ownership restriction if such conversion would result in Fairfax and its affiliates o...