RE Royalties Ltd announced a non-brokered private placement of Series 3 green bonds to raise up to CAD 8,000,000 of Canadian dollar denominated green bonds and $5,000,000 (CAD 6,656,400) denominated green bonds at a principal amounts of CAD 1,000 or $1,000 (CAD 1,331.28) for gross proceeds of CAD 14,656,400 on January 27, 2023. The maximum proceeds the company intends to raise under the private and public transaction will be CAD 23,000,000. The green bonds will have a term of five years and bear interest at a rate of 9% per annum, payable quarterly, and will be senior obligations of the company secured against the portfolio of royalty and loan investments.

All securities issued under transaction will be subject to a statutory hold period expiring four months from the date of issuance in accordance with applicable Canadian securities laws.