All amounts in Canadian dollars unless otherwise stated
VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) -- RE Royalties Ltd. (TSX.V: RE) (OTCQX: RROYF) (“RE Royalties” or the “Company”), a global leader in renewable energy royalty-based financing, is pleased to announce that its’ Chief Executive Officer Bernard Tan has been named one of the 2023 Clean50 award recipients in the angel investors and eco system support category.
As the first publicly traded royalty financing company focused on renewable and sustainable energy in Canada, over the past two years, RE Royalties, has led an investment of $38 million across eight renewable energy clients. Those investments have generated over 543,000 MWh of clean energy, removed 168,000 tonnes of CO2 from the power grid, and provided electricity for 88,000 homes. RE Royalties are now branching out from investing in traditional clean energy generation, solar and wind, into developing areas of clean energy such as renewable natural gas, energy storage, and energy efficiency.
“Bernard Tan was chosen after rigorous screening and research by Delta Management, with advice from internal researchers and external advisors, and was among Honourees selected from an initial pool of over 1,000 well qualified nominees,” stated Gavin Pitchford, CEO, Delta Management Group.
The criterion in determining Honourees is to consider actual measurable accomplishments, demonstrated innovation, collaboration with other organizations, and the power of the Honouree’s contribution to inspire other Canadians to take similar action.
Canada’s Clean50 Awards are announced annually by Delta Management Group and the Clean50 organization to recognize those 50 individuals or small teams, from 16 different categories, who have done the most to advance the cause of sustainability and clean capitalism in Canada over the past 2 years.
Bernard Tan was amongst an estimated 120 past and incoming Clean50 Honourees that met on Thursday, October 6th at the Clean50 Summit 12.0 in Toronto, to spend a day tackling critical sustainability challenges facing Canada.
Past recipients of the Clean50 Award also include Peter Leighton, RE Royalties’ Chief Operating Officer, and current board member Stephen Cheeseman, Chief Executive Officer of Chinook Power.
About RE Royalties Ltd.
RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, energy efficiency and renewable natural gas projects in North America, Mexico, and Europe. The Company’s business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.
About Delta Management Group
Leading ESG, sustainability and clean tech search firm Delta Management Group founded, and remains the steward of the Canada’s Clean50 awards, created in 2011 to annually identify, recognize, and connect 50 sustainability leaders from every sector of Canadian endeavor, to facilitate understanding, collaboration, and innovation in the fight to keep climate change impacts below 1.5 degrees C. Ancillary awards also recognize 20 Emerging Leaders and the 25 Top Sustainability Projects of the year, as well as bestow Lifetime Achievement designations.
For further information, please contact:
Investor and Media Contact:
RE Royalties Ltd.
Talia Beckett, VP of Communications and Sustainability
T: (778) 374‐2000
E: taliabeckett@reroyalties.com
www.reroyalties.com
Delta Management Group
Gavin Pitchford, Chief Executive Officer
T: (416) 925-2005 x 2300
E: gpitchford@deltamanagement.com
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This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
Forward Looking Statements
This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information includes the completion of the Loan and is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company’s future outlook and anticipated events or results and may include statements regarding the Company’s financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company’s most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at www.sedar.com.
