CVW Sustainable Royalties Announces $25 Million Brokered Offering

Executive Summary

• CVW Sustainable Royalties Inc. announced a best‑efforts private placement of up to 32,051,000 units at $0.78 per unit, targeting gross proceeds of approximately $25 million CAD.
• Each unit consists of one common share and one warrant (exercisable at $0.95 for two years); the company may accelerate warrant expiry if the VWAP exceeds $1.20 for 30 consecutive trading days after the six‑month anniversary of closing.
• Net proceeds will be used to fund future royalty transactions, related diligence and closing expenses, and general corporate purposes.

Key Details

• Offering Size: Up to 32,051,000 units (≈ $25 M CAD gross).
• Issue Price: $0.78 per unit.
• Unit Composition: 1 common share + 1 warrant.
• Warrant Terms: Exercise price $0.95 per share; exercisable for two years from closing; possible acceleration if VWAP > $1.20 for 30 consecutive days after the six‑month anniversary, with notice given 20 days prior to accelerated expiry.
• Agents & Lead Bookrunner: Stifel Nicolaus Canada Inc. (lead agent/co‑bookrunner) with syndicate including Paradigm Capital Inc.
• Agents’ Option: Up to an additional 15 % of units sold (≈ 4,807,650 units) at the offering price, exercisable up to 48 hours before closing at agents’ discretion.
• Closing Date: Expected on or about February 26, 2026 (subject to regulatory approvals).
• Regulatory Conditions: Subject to TSXV and other provincial securities approvals; units subject to a four‑month plus one‑day statutory hold period.
• Use of Proceeds: Fund future royalty transactions, related diligence and closing costs, and general corporate purposes.
• U.S. Offering Restrictions: Securities not registered under U.S. law; cannot be offered or sold in the United States or to U.S. persons without exemption.

Notable Quotes

(No direct quotes were provided in the release.)