Exchange Bulletin
Altius Renewable Royalties Corp. (ARR) To Trade On Toronto Stock Exchange
March 1, 2021
| Issuer: | >Altius Renewable Royalties Corp. (the "Company") |
| Security: | Common shares (the "Common Shares") |
| Symbols: | ARR |
| Issue price per security: | $11.00 |
| Number of securities issued and outstanding: | 25,819,889 |
| Number of securities reserved for issuance: | 6,497,701 |
| Transaction: | Initial public offering of Common Shares (the "Offering") |
| Listing category: | TSX Sandbox, Industrial, Non-Exempt Issuer |
| TSX Sandbox exit conditions: | The Company will exit TSX Sandbox upon the later of (i) deployment of 50% of the Offering proceeds and (ii) 12 months from its TSX original listing date. At the time of exit, the Company will demonstrate (i) no significant compliance issue for a 12-month period and (ii) compliance with the provisions of Part VII of the TSX Company Manual. |
| Trading currencies: | CDN$ |
| Listing date: | March 2, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | March 3, 2021 (prior to the opening) |
| Posted for trading date: | March 3, 2021 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Common Shares commenced trading on TSX on an "if, as and when issued" basis on Friday, February 26, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Wednesday, March 3, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Tuesday, March 2, 2021, unless the Offering closing has been delayed. Upon closing of the Offering, a trader note will be issued to confirm that trading on an "if, as and when issued" basis has concluded. |
| Other market(s): | None |
| Designated market maker: | W.D. Latimer Co. Ltd. |
| Security ownership registration: | Uncertificated Issue - Non-Certificated Inventory & Direct Registration System |
| Investor relations: | Flora Wood (416) 346-9020 flora@altiusminerals.com |
| Incorporation: | Business Corporations Act (Alberta) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a renewable energy royalty company whose business is to invest in renewable power developers, originators and projects. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto |
| Dividends: | Any determination to implement a dividend policy, if and when appropriate, will be made having regard to, among other things, results of operations; financial condition; expected future levels of earnings; future operating cash flow; liquidity requirements; market opportunities; income taxes; debt repayments; legal, regulatory and contractual constraints; working capital requirements; tax laws, the approval of the Board and compliance with applicable law and TSX rules. |
| Sponsorship: | Waived |
| Disclosure document: | Supplemented PREP prospectus dated February 25, 2021, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
| Initial public offering: | The Offering will be comprised of a treasury offering by the Company of 9,100,000 Common Shares at an Offering price of $11.00 per Common Share (the "Offering Price") for gross proceeds of $100,100,000 to the Company. In addition, the Company has granted the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to 1,365,000 additional Common Shares at the Offering Price. |
| Additional information: | See also TSX Bulletins 2021-0158 and 2021-0214 respectively dated February 17, 2021 and February 26, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |