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

Date Closed

December 15, 2022

Lead Office



38.42 Million CAD

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).