RE Royalties to raise $3.4M via private placement

 

* RE Royalties (TSXV:RE:CA [https://seekingalpha.com/symbol/RE:CA]) (OTCQX:RROYF [https://seekingalpha.com/symbol/RROYF]) announced [https://seekingalpha.com/pr/20225093-re-royalties-announces-non-brokered-listed-issuer-financing-equity-offering] a non-brokered private placement offering of up to ~10.63M units at a price of $0.32 per unit for aggregate gross proceeds of up to $3.4M.
* Each unit will be comprised of one common share and one common share purchase warrant.
* Each warrant is exercisable into one common share at an exercise price of $0.45 per warrant for a period of 36 months.
* The proceeds of the offering will be used for working capital and for general corporate purposes.

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]