- RE Royalties ( OTCQX:RROYF ) upsizes private placement of Series 3 secured green bonds from C$8M to C$10M.
- The maximum amount the company is seeking to raise for the U.S. dollar denominated green bonds remains the same at US$5M.
- There is no change to the maximum proceeds of up to C$23M that the company intends to raise.
- The green bonds will have a maturity date of January 30, 2028 and bear interest at a rate of 9% per annum, payable quarterly.
- Net proceeds will be utilized to acquire revenue-based royalties and/or provide loans to privately held and publicly traded renewable energy companies.
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RE Royalties upsizes private placement of green bonds