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24 April 20222 minute read

DLA Piper Canada advised Carbon Neutral Royalty ‎on ‎$28 million financing‎

On April 21, 2022, Carbon Neutral Royalty Ltd. ("CNR”), an investor in climate solution projects, announced that it ‎had completed its over-subscribed private placement for gross proceeds of $27.7 million.‎

The brokered offering was conducted by Haywood Securities Inc. and PI Financial Corp., as co-‎lead agents and joint-bookrunners, on their own behalf and on behalf of a syndicate of agents ‎including BMO Capital Markets, Canaccord Genuity Corp. and Raymond James Ltd.‎

CNR was founded in July 2021 by an experienced team and is assembling a high-quality, long ‎life, portfolio of carbon credit streams and royalty projects worldwide. ‎

Find out more about this transaction here.

DLA Piper Canada advised CNR in connection with this transaction with a team led by Denis Silva and which included Jennifer M. Arndt, Nahal Iranpour, Jonathan Brown, Ben Kaardal and Beatriz Albuquerque.