{"id":471628,"date":"2021-04-06T08:31:21","date_gmt":"2021-04-06T12:31:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471628"},"modified":"2021-04-06T08:31:21","modified_gmt":"2021-04-06T12:31:21","slug":"altius-renewable-royalties-corp-announces-exercise-of-over-allotment-option","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altius-renewable-royalties-corp-announces-exercise-of-over-allotment-option\/","title":{"rendered":"Altius Renewable Royalties Corp. Announces Exercise of Over-Allotment Option"},"content":{"rendered":"

<\/p>\n

Altius Renewable Royalties Corp. Announces Exercise of Over-Allotment Option<\/b><\/p>\n

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES<\/b><\/p>\n

ST. JOHN\u2019S, Newfoundland and Labrador–(BUSINESS WIRE<\/a>)–
\nAltius Renewable Royalties Corp. (TSX: ARR) (\u201cARR\u201d or the \u201cCompany\u201d) announced today that the underwriters of its recently closed Initial Public Offering have partially exercised the over-allotment option (the \u201cOver-Allotment Option\u201d) granted to the syndicate of underwriters led by TD Securities Inc. and Scotia Capital Inc., and including Raymond James Ltd., Cormark Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., National Bank Financial and Haywood Securities Inc. for 694,000 common shares of the Company at the initial offering price of C$11.00 per share. The total shares issued and outstanding following the partial exercise of the Over-Allotment Option are 26,513,889 shares. Altius Minerals Corporation (TSX: ALS) continues to hold 15,638,639 common shares, or approximately 59% of the issued and outstanding common shares.\n<\/p>\n

\nGross proceeds raised from the partial exercise of the Over-Allotment Option of C$7,634,000 will be added to the proceeds raised from the initial public offering, to be used as investment capital for the purchase of renewable energy royalties primarily in the U.S.\n<\/p>\n

About ARR<\/b><\/p>\n

\nARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. The Company 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.\n<\/p>\n

Forward-Looking Information<\/b><\/p>\n

\nThis press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company\u2019s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company\u2019s control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under \u201cRisk Factors\u201d in the final prospectus of the Company dated February 24, 2021. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.\n<\/p>\n

\nNeither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406005626\/en\/<\/a><\/span><\/p>\n

Flora Wood
\n<\/b>
Email: Flora@arr.energy
\n<\/a>
Tel: 1.877.576.2209
\n
Direct: +1(416)346.9020\n<\/p>\n

Ben Lewis
\n<\/b>
Email: Ben@arr.energy
\n<\/a>
Tel: 1.877.576.2209\n<\/p>\n

KEYWORDS:<\/b> North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Altius Renewable Royalties Corp. Announces Exercise of Over-Allotment Option NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ST. JOHN\u2019S, Newfoundland and Labrador–(BUSINESS WIRE)– Altius Renewable Royalties Corp. (TSX: ARR) (\u201cARR\u201d or the \u201cCompany\u201d) announced today that the underwriters of its recently closed Initial Public Offering have partially exercised the over-allotment option (the \u201cOver-Allotment Option\u201d) granted to the syndicate of underwriters led by TD Securities Inc. and Scotia Capital Inc., and including Raymond James Ltd., Cormark Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., National Bank Financial and Haywood Securities Inc. for 694,000 common shares of the Company at the initial offering price of C$11.00 per share. The total shares issued and outstanding following … <\/p>\n

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