Altius Renewable Royalties Reports Apex to Buy Out Remainder of Royalty Financing Following Exercise of Change of Control Option

Dec 31, 2021

Altius Renewable Royalties (TSX:ARR, Financial) (OTCQX:ATRWF) (“ARR”) reports that Apex Clean Energy (“Apex”) has exercised a change of control-based option to redeem the remaining residual royalty financing provided by its joint venture subsidiary Great Bay Renewables (“Great Bay”). The option exercise follows the recently announced sale of a majority interest in Apex. Great Bay will retain the previously disclosed three royalties it has earned to date under the Apex investment agreement.

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