Re Royalties Stock Price, News & Analysis

RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) has announced a cash dividend of $0.01 per common share for the quarter ending June 30, 2022, payable on August 24, 2022, to shareholders of record on August 3, 2022. This brings the total dividends declared for the fiscal year to $0.02 per share. The company is also now eligible for DTC services, enhancing liquidity in the U.S. market. Additionally, a market stabilization agreement with Red Cloud Securities will assist in improving share liquidity for a monthly fee of $6,000.

RE Royalties Ltd (TSXV:RE)(OTCQX:RROYF) has successfully closed its marketed offering of 9,837,680 Units, raising $8,066,898 at a price of $0.82 per Unit. Each Unit consists of one common share and one warrant, exercisable at $1.10 for two years. Proceeds will fund renewable energy projects aimed at reducing greenhouse gas emissions. Integral Wealth Securities Limited and Canaccord Genuity Corp. co-led the offering, which excludes registration under U.S. laws. The Company boasts over 100 royalties in the renewable energy sector globally.

RE Royalties Ltd. (OTCQX:RROYF) reported Q1 2022 financial results, highlighting a 50% increase in revenue to $655,557 and a 62% rise in gross profit to $536,661 year-over-year. The company recorded a net loss of $549,728, primarily due to finance expenses from green bonds and OTCQX qualification costs. Subsequent to Q1, RE Royalties extended a $5.6 million loan to Nomad Transportable Power Systems and launched a public offering for up to $10 million. The CEO noted strong cash flow and a growing investment portfolio despite challenging market conditions.

RE Royalties Ltd. (TSXV:RE, OTCQX:RROYF) has entered into a CAD $1.6 million secured loan agreement with ReVolve Renewable Power Corp. for acquiring six operational rooftop solar projects in Mexico, with a total capacity of 2.4 MW. The loan, which has a 24-month term and 10% interest, will generate a 5% gross revenue royalty from four projects and 1% from the other two. This investment is part of RE Royalties' strategy to expand its renewable energy portfolio across North America, with both companies anticipating a fruitful partnership for future projects.

RE Royalties Ltd. announced a public offering of up to 12,200,000 units, seeking gross proceeds of $10 million. Each unit, priced at $0.82, includes one common share and one warrant, exercisable at $1.10 for 24 months. The offering will be managed by Integral Wealth Securities and Canaccord Genuity. Proceeds will fund renewable energy projects aimed at reducing greenhouse gas emissions. The offering's close is projected for around May 25, pending regulatory approvals.

RE Royalties Ltd (TSX.V:RE) (OTCQX:RROYF) announced a cash distribution of $0.01 per common share for Q1 2022, payable on May 11, 2022. Shareholders of record by April 20, 2022 will receive this dividend, which totals $0.01 per share for the fiscal year. Additionally, the board adopted a Shareholder Rights Plan to ensure fair treatment during any takeover bids, effective immediately and subject to shareholder ratification at the upcoming annual meeting.

RE Royalties Ltd has entered into a USD $5.6 million senior secured working capital loan agreement with Nomad Transportable Power Systems Inc. to manufacture mobile battery energy storage systems. The loan features a 12% interest rate with a bullet repayment after five years and a 3.5% gross revenue royalty on Nomad's Unit sales. This partnership aims to enhance RE Royalties' position in the battery storage market, showcasing a strong demand for innovative financing solutions in the renewable energy sector.

RE Royalties Ltd (TSXV:RE, OTCQX:RROYF) has started trading on the OTCQX Best Market as of March 31, 2022. This move enhances accessibility for U.S. investors, allowing for increased transparency and liquidity. The OTCQX is the highest tier of OTC Markets Group, requiring compliance with strict financial standards and U.S. securities laws. Bernard Tan, CEO, emphasized the benefits of improved trading ease and market awareness for shareholders. A pending application for DTCC eligibility aims to facilitate electronic trading in the U.S.

RE Royalties Ltd has filed a final short form base shelf prospectus with Canadian securities regulatory authorities, excluding Quebec. This prospectus allows the company to raise up to $100 million over the next 25 months through various securities, enhancing its financial flexibility for growth initiatives, particularly in acquiring more royalties. The filed prospectus does not constitute an offer to sell securities and aims to provide streamlined access to capital markets. Further details are available on SEDAR.