RE Royalties Ltd V.RE

New shares (and warrants) issued at $0.82

[pierrelebel]

VANCOUVER, BC / ACCESSWIRE / April 25, 2022 / RE Royalties Ltd. (TSXV:RE)

(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing, is pleased to announce that it will be launching a best efforts marketed public offering of units, of up to 12,200,000 Units (the "Units") for gross proceeds of up to $10 Million (the "Offering"). The Offering will be led by Integral Wealth Securities Limited and Canaccord Genuity Corp. (the "Agents").

Each Unit will be priced at $0.82 and consist of one (1) common share in the capital of the Company (each a "Common Share" and collectively, the "Common Shares"), and one (1) common share purchase warrant (each a "Warrant" and collectively, the "Warrants"). Each Warrant will be exercisable into one (1) Common Share in the capital of the Company (each a "Warrant Share" and collectively, the "Warrant Shares') at an exercise price of $1.10 per Warrant Share for a period of twenty-four (24) months following the closing of the Offering.

In connection with the Offering, the Company intends to enter into an agency agreement with the Agents (the "Agency Agreement"). The Agency Agreement will provide that the Company will grant the Agents an option, exercisable in whole or in part at any time until the date that is 30 days after the closing of the Offering, to market for sale up to an additional 15% of the number of Units sold pursuant to the Offering on the same terms as the Units sold under the Offering (the "Over-Allotment Option").

The Offering is expected to be conducted in each of the provinces of Canada (other than Quebec) by way of prospectus supplement (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated June 21, 2021. The Prospectus Supplement is expected to be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, except Quebec.