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RE Royalties (TSXV:RE:CA [https://seekingalpha.com/symbol/RE:CA]) on Friday said that it has cancelled its previously announced non-brokered private placement offering of up to 10,625,000 units at a price of $0.32 per unit for aggregate gross proceeds of up to $3.4M.
* The cancellation follows early loan repayments from clients and recent unexplained share price volatility.
* Each unit consisted of one common share and one warrant exercisable at $0.45 for 36 months.
* Despite investor interest, the company said proceeding with the offering was not in shareholders’ best interest.
* "We would like to thank investors for their interest in our Offering. Given the timing of the early investment repayments, the Company is well-capitalized in redeploying this capital into new investment opportunities that are currently under due diligence," CEO Bernard Tan, said in a statement.
* RROYF closed -1.23% at $0.2073.
* Source: Press Release [https://seekingalpha.com/pr/20238831-re-royalties-announces-cancellation-of-previously-announced-non-brokered-listed-issuer]
MORE ON RE ROYALTIES LTD.
* Dividend scorecard for RE Royalties Ltd. [https://seekingalpha.com/symbol/RE:CA/dividends/scorecard]
* Financial information for RE Royalties Ltd. [https://seekingalpha.com/symbol/RE:CA/income-statement]
RE Royalties cancels $3.4M equity offering following early loan repayments
Published 1 month ago
Sep 19, 2025 at 9:41 PM
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