Altius Renewable Royalties Corp. Announces Closing Of Previously Announced Cdn$35 Million Bought Deal Financing

Dec 08, 2022•almost 3 years ago

Amount Raised

$35 Million

St. John's

Investors

Cibc Capital Markets

Description

Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Corporation”, or the “Company”) is pleased to announce that today it has closed its previously announced bought deal public offering (the “Offering”) of common shares of the Company (the “Shares”). A total of 3,900,000 Shares were issued at a price of C$9.00 per Share (the “Offering Price”) for aggregate gross proceeds of C$35,100,000.

Company Information

Company

Altius Renewable Royalties

Location

St. John’s, Newfoundland and Labrador, Canada

About

ARR is a renewable energy royalty company whose business is to provide long-term, royalty-level investment capital to renewable power developers, operators, and originators. ARR currently has 32 renewable energy royalties representing 735 MW of renewable power on operating projects and an additional approximately 6 GW on projects in the development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from Great Bay’s investments in Bluestar Energy Capital and Hodson Energy. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.

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