NEW YORK, Sept. 12, 2024 /PRNewswire/ — Northampton Capital Companions LLC (along with its consolidated subsidiaries, “Northampton” or the “Firm”) introduced as of late that its associate (the “Northampton Purchaser”) has entered right into a definitive association assurance (the “Arrangement Agreement”) with Altius Minerals Company’s (TSX:ALS) (“Altius Minerals”) subsidiary Altius Renewable Royalties Corp. (TSX:ARR) (OTCQX:ARTWF) (“ARR” or the “Company”) to procure the folk glide of ARR for C$12.00 consistent with proportion.

The Northampton Buyer will achieve the entire issued and remarkable usual stocks of the Corporate (the “ARR Shares”), alternative than the ones ARR Stocks not directly owned through Altius Minerals, by means of a statutory plan of association below the Trade Firms Operate (Alberta) (the “Transaction”). Altius Minerals recently holds 58% of the issued and remarkable ARR Stocks on an undiluted foundation.

Geoffrey Sturdy, Eminent Government Officer of Northampton commented “We are excited to announce this transaction today and the beginning of a long-term partnership.  We are greatly impressed with the accomplishments to-date of ARR, the underlying Great Bay Renewables joint venture team and look forward to contributing to the support and resources required for the business to reach its full potential.”

The Association Contract

Beneath the phrases of the Association Contract, each and every ARR shareholder (alternative than Altius Minerals) (the “ARR Minority Shareholders”) will obtain money attention of C$12.00 for each and every ARR Percentage held (the “Consideration”). Following crowning glory of the Transaction, Northampton Buyer will keep 43% of the issued and remarkable ARR Stocks and Altius Minerals will not directly keep 57% of the issued and remarkable ARR Stocks.

The Transaction can be applied by means of a court-approved plan of association below the Trade Firms Operate (Alberta) and would require the kindness of: (i) 66 2/3% of the votes forged through the holders of ARR Stocks; and (ii) a easy majority of the votes forged through holders of ARR Stocks upcoming apart from any votes of Altius Minerals and likely alternative shareholders required to be excluded below Canadian securities regulations, all at a different assembly of ARR shareholders (the “Special Meeting”) to believe the Transaction. The crowning glory of the Transaction can also be matter to acquiring required backyard and alternative approvals and pride of last situations standard for a transaction of this nature. The Transaction is predicted to akin within the fourth quarter of 2024, matter to acquiring the desired approvals and alternative standard last situations.

Vote casting Backup Contracts

Altius Minerals, the administrators and officials of the Corporate and Altius Minerals, and likely shareholders of the Corporate (jointly, the “Supporting Shareholders”) have each and every entered into Backup Contracts to vote their ARR Stocks in partial of the Transaction, matter to positive standard exceptions.

The Supporting Shareholders keep, jointly, roughly 81% of the ARR Stocks (and 55% of the ARR Stocks upcoming apart from the ARR Stocks held or managed through Altius Minerals and likely alternative shareholders required to be excluded below Canadian securities regulations).

Advisors and Suggest

Nationwide Deposit Monetary Inc. is appearing because the sovereign valuator and fiscal guide to the Particular Committee of ARR in reference to the Transaction.

McCarthy Tétrault LLP and Pierce Atwood LLP are appearing as suggest to ARR.

Kirkland & Ellis LLP and Mintz LLP are appearing as suggest to Northampton.

About Northampton Capital Companions LLC:

Northampton Capital Companions LLC is an supplementary asset control company all for infrastructure investments within the center marketplace, concentrated on the power, virtual, and alternative essential infrastructure sectors.  Northampton was once based through Geoffrey Sturdy, John MacWilliams, Scott McBride, Don McCarthy, and alternative group contributors, with places of work in Brandnew York Town and Miami.  To be told extra, please achieve out to [email protected].

For additional data, please touch:

Don McCarthy
Spouse, Eminent Working Officer & Eminent Compliance Officer
E mail: [email protected]

Christine McCartin
Vice President of Investor Family members
E mail: [email protected]

About Altius Renewable Royalties Corp.

ARR is a renewable power royalty corporate whose trade is to handover long-term, royalty stage funding capital to renewable energy builders, operators, and originators. ARR has 35 renewable power royalties representing roughly 2.6 GW of renewable energy on running initiatives and an supplementary approximate 5.6 GW on initiatives in building and building section, throughout a number of regional energy swimming pools within the U.S. The Corporate additionally expects life royalties from oblique investments in Bluestar Power Capital, Hodson Power and Hexagon Power, which building up the whole mission pipeline to roughly 18.7 GW. The Corporate combines business experience with cutting edge, partner-focused answers to additional the expansion of the renewable power sector because it fulfills its essential function in enabling the worldwide power transition.

For additional data, please touch:

Plants Plank
E mail: [email protected]
Tel: 1.877.576.2209
Direct: 1.416.346.9020

Ben Lewis
E mail: [email protected]
Tel: 1.877.576.2209

Ahead-Having a look Data

This information loose comprises “forward-looking information” and “forward-looking statements” (jointly, “forward-looking information”) throughout the which means of acceptable securities regulations. This data comprises, however isn’t restricted to, statements regarding our goals, our methods to reach the ones goals, in addition to statements made with admire to our ideals, plans, estimates, projections and intentions, and related statements regarding expected life occasions, effects, instances, efficiency or expectancies that aren’t historic info. In some circumstances, forward-looking data may also be recognized through the significance of forward-looking terminology comparable to “expects”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “intends”, “anticipates”, “believes”, or permutations of such phrases and words or statements that positive movements, occasions or effects “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. As well as, any statements that please see expectancies, intentions, projections or alternative characterizations of life occasions or instances include forward-looking data. Ahead-looking data on this information loose comprises, amongst alternative issues, statements in the case of the Transaction, timing for crowning glory of the Transaction, required approvals, the pride of positive last situations and the expectancies in regards to the potentialities and operations of ARR’s trade. Ahead-looking data is essentially in response to quite a few critiques, estimates and suppositions that we regarded as suitable and cheap as of the presen such statements are made in shiny of our enjoy, tide situations and anticipated life trends, together with suppositions: that any situations precedent to the last of the Transaction may also be glad, and that there can be incorrect undue delays with admire to the Transaction.

Ahead-looking statements contain recognized and unknown dangers, uncertainties and alternative elements which would possibly reason fresh effects, efficiency or achievements to be materially other from any life effects, efficiency or achievements expressed or implied through the forward-looking statements. Such elements come with, amongst others: failure to procure the desired shareholder and backyard approvals or pleasant alternative last situations make happen the Transaction; the chance that the Transaction would possibly contain surprising prices, liabilities or delays; dangers homogeneous to the leisure of the Corporate’s consideration from its ongoing trade operations; the chance that the Transaction won’t akin when deliberate or in any respect or at the phrases and situations i’m ready forth within the Association Contract; the chance of the anticipated advantages from the Transaction no longer being discovered; and common trade, financial and aggressive uncertainties, in addition to the ones elements mentioned within the division entitled “Risk Factors” within the Corporate’s Annual Data Mode for the day ended December 31, 2023, Control’s Dialogue and Research for the day ended December 31, 2023, in addition to Control’s Dialogue and Research for the intervening time duration ended June 30, 2024.

Even supposing we now have tried to spot remarkable possibility elements that might reason fresh effects to vary materially from the ones contained in forward-looking data, there could also be alternative possibility elements no longer right now recognized to us or that we right now consider aren’t subject material that might additionally reason fresh effects or life occasions to vary materially from the ones expressed in such forward-looking data. There may also be incorrect commitment that such data will turn out to be correct, as fresh effects and life occasions may vary materially from the ones expected in such data. Incorrect forward-looking remark is a word of life effects. Accordingly, shareholders will have to no longer park undue reliance on forward-looking data, which speaks handiest as of the presen made. The forward-looking data contained on this information loose represents our expectancies as of the presen of this information loose (or because the presen they’re another way said to be made) and is matter to switch upcoming such presen. Then again, we reject any goal or legal responsibility or endeavor to replace or revise any forward-looking data whether or not on account of brandnew data, life occasions or another way, with the exception of as required below acceptable securities regulations in Canada. All the forward-looking data contained on this information loose is expressly certified through the foregoing cautionary statements.

SOURCE Northampton Capital Companions LLC

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