RE Royalties Announces Initial Closing of Private Placement of Series 4 Secured Green Bonds

Vancouver-based RE Royalties Ltd. (TSX.V:RE)(OTCQX:RROYF) has announced the initial closing of its private placement offering of Series 4 secured green bonds. The company raised $3,804,000 CAD and $50,000 USD through Canadian and U.S. dollar-denominated bonds.

The Green Bonds, with a five-year term and 9% annual interest, are secured against the company's portfolio. Proceeds will finance or refinance renewable energy projects. The bonds comply with the International Capital Market Association's Green Bond Principles (2021).

The offering also involved a separate non-brokered private placement, raising an additional $350,000 CAD and $150,000 USD. Insider participation valued at $100,000 CAD has been reported, qualifying as a related party transaction under MI 61-101.

Integral Wealth Securities Limited and Canaccord Genuity Corp. acted as agents for the offering, with associated fees and warrants issued as compensation.