Altius Renewable Royalties Finalizes Key Agreement with Northampton
Altius Renewable Royalties Finalizes Key Agreement with Northampton
Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ARTWF) has recently achieved a significant milestone as the Court of King’s Bench of Alberta has approved the final order necessary for its statutory plan of arrangement. This arrangement involves a strategic partnership with Royal Aggregator LP, an affiliate of Northampton Capital Partners, LLC. The arrangement will enable the Purchaser to acquire all the outstanding common shares of Altius Renewable Royalties.
Details of the Arrangement
The arrangement specifies that Royal Aggregator LP will purchase all issued and outstanding shares of ARR, except for the shares owned by Altius Minerals Corporation. This acquisition is proposed at a price of C$12.00 per share. As conditions for the arrangement have been met, the closing process will proceed, marking a pivotal moment in Altius’s path forward. Following the close of this transaction, Altius Renewable Royalties will transition away from public ownership, leading to the delisting of its common shares from both the Toronto Stock Exchange and the OTCQX.
Understanding Altius Renewable Royalties
Altius Renewable Royalties operates as a prominent player in the renewable energy sector, dedicated to providing sustainable investment capital for developers and operators of renewable power projects. The company boasts a robust portfolio, featuring over 35 renewable energy royalties that contribute to approximately 2.9 gigawatts (GW) of power generation. Furthermore, Altius anticipates involvement in additional projects that are currently in the construction and development phases, pushing its total pipeline of projects to around 18.6 GW.
Impact on the Renewable Energy Sector
This partnership with Northampton is expected to bolster Altius’s contributions to the renewable energy landscape, aligning with global efforts aimed at energizing the transition towards sustainable energy sources. By leveraging innovative strategies and industry expertise, Altius is poised to enhance its role as a leader in renewable energy financing.
About Northampton Capital Partners
Founded by a team of experienced professionals, Northampton Capital is an alternative asset management firm that focuses on investments in vital infrastructure, including energy and digital sectors. Their goal is to foster growth within key markets while targeting opportunities in the middle market. With offices strategically located in major cities, Northampton is well-positioned to continue its momentum in these critical infrastructure domains.
Looking Ahead: Future Prospects
As Altius implements its strategy and solidifies its partnership with Northampton, industry observers will be keen to see the outcomes of such collaborations. The potential expansion of project pipelines and enhancements in renewable energy production could lead to more significant environmental benefits and financial returns for stakeholders involved.
Frequently Asked Questions
What is the significance of the court order obtained by Altius?
The court order allows Altius Renewable Royalties to proceed with its plan of arrangement with Northampton, enabling the acquisition of its outstanding shares.
How much will shareholders receive for their shares?
Shareholders will receive C$12.00 per share in cash as part of the acquisition by Royal Aggregator LP.
What does this arrangement mean for Altius’s future?
This arrangement is expected to strengthen Altius's position in the renewable energy market and could lead to substantial growth in its project pipeline.
Who is Northampton Capital Partners?
Northampton is an asset management firm focused on middle-market investments in essential infrastructure areas, including energy and digital sectors.
Will Altius continue to operate as a public company?
After the arrangement closes, Altius Renewable Royalties will no longer be publicly traded, as its shares will be delisted from the stock exchanges.
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