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RE Royalties Announces Final Closing of Public Offering and Second Closing of Private Placement of Series 3 Secured Green Bonds for Total Aggregate Gross Proceeds to Date of $16,126,000 CAD and $1,242,000 USD
Not for distribution to U.S. Newswire services or for dissemination to the United States VANC...
About this update from Re Royalties Ltd.
[{"type":"text","content":"RE Royalties Announces Final Closing of Public Offering and Second Closing of Private Placement of Series 3 Secured Green Bonds for Total Aggregate Gross Proceeds to Date of $16,126,000 CAD and $1,242,000 USDNot for distribution to U.S. Newswire services or for dissemination to the United StatesVANCOUVER, BC / ACCESSWIRE / March 1, 2023 / RE Royalties Ltd. (TSX.V:RE)(OTCQX:RROYF) (\"RE Royalties\" or the \"Company\"), a global leader in renewable energy royalty-based financing, is pleased to announce the successful final closing (the \"Final Closing\") of its marketed public offering (the \"Public Offering\") of Series 3 senior secured green bonds of the Company (the \"Green Bonds\"), as previously announced on December 9, 2022, and the second closing (the \"Second Closing\") of its non-brokered private placement offering (the \"Private Placement\") of Green Bonds, as previously announced on January 27, 2023.Pursuant to the Final Closing of the Public Offering, the Company issued 1,959 Canadian dollar denominated Green Bonds, with a principal amount of C$1,000 per Green Bond for aggregate gross proceeds of C$1,959,000. Together with the initial closing of the Public Offering, which was announced on January 30, 2023, the Company has issued an aggregate of 7,074 Canadian dollar denominated Green Bonds for aggregate gross proceeds of $7,074,000 and 17 United States dollar denominated Green Bonds, with a principal amount of USD$1,000 per Green Bond for aggregate gross proceeds of US$17,000.Pursuant to the Second Closing of the Private Placement, the Company issued 2,453 Canadian dollar denominated Green Bonds, with a principal amount of C$1,000 per Green Bond for aggregate gross proceeds of C$2,453,000, and 970 United States dollar denominated Green Bonds, with a principal amount of USD$1,000 per Green Bond for aggregate gross proceeds of US$970,000. Together with the initial closing of the Private Placement, as announced on February 6, 2023, the Company has issued an aggregate of 9,052 Canadian dollar denominated Green Bonds for aggregate gross proceeds of $9,052,000 and 1,225 United States dollar denominated Green Bonds for aggregate gross proceeds of US$1,225,000.The Company expects the final closing of the Private Placement to occur on or before March 31, 2023.The Green Bonds will have a maturity date of January 30, 2028 and bea...