RE Royalties Announces Non-Brokered Listed Issuer Financing Equity Offering

Executive Summary

• RE Royalties Ltd. announced a non-brokered private placement offering of up to 10,625,000 units at $0.32 per unit, raising aggregate gross proceeds of up to $3,400,000.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.45 per share for a period of 36 months.
• The offering is being conducted under the listed issuer financing exemption in specific Canadian provinces, with proceeds designated for working capital and general corporate purposes.

Key Details

• Offering Size: Up to 10,625,000 units.
• Price: $0.32 per unit.
• Gross Proceeds: Up to $3,400,000 CAD.
• Unit Composition: Each unit comprises one (1) common share and one (1) common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.45 per warrant.
  • Exercise Ratio: One (1) common share per warrant.
  • Duration: 36 months.
• Use of Proceeds: Working capital and general corporate purposes.
• Exemption: Listed issuer financing exemption under Part 5A of National Instrument 45-106 (as amended by Coordinated Blanket Order 45-935) in Ontario, British Columbia, and Alberta.
• Resale Restrictions: Units are not subject to resale restrictions under applicable Canadian securities laws.
• Finder’s Fees: The Company may pay finders' fees of up to 6.0% of gross proceeds for subscribers directly introduced by eligible finders.
• Regulatory Approval: Closing is subject to conditions including receipt of necessary approvals, specifically the approval of the TSX Venture Exchange.
• Offering Document: Available under the Company's profile at www.sedarplus.com.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.