Altius Renewable Royalties Corp. closes C$38.42M bought deal public offering

On December 8, 2022, Altius Renewable Royalties Corp. (“ARR”) closed its bought deal public offering of 3,900,000 common shares of ARR, through a syndicate of underwriters led by TD Securities Inc. and Cormark Securities Inc., which included National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd., Scotiabank, CIBC Capital Markets and Laurentian Bank Securities Inc. (the “Underwriters”). On December 15, 2022, the Underwriters partially exercised their over-allotment option for the issuance of an additional 368,800 Shares, for aggregate gross proceeds of C$38,419,200 to ARR from the offering.

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.

McCarthy Tétrault advised ARR with a team led by Eva Bellissimo that included Claire Lehan, Samantha Pettinato, Lama Kahiel, Trena Gallant, Josiah Schaafsma (Business), Raj Juneja, and Anthony Campione (Tax).