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.