Anaergia closes C$60 million bought deal offering of subordinate voting shares

On April 19, 2022, Anaergia Inc. (“Anaergia”) announced the closing of its bought deal offering of 4,800,000 subordinate voting shares at a price of C$12.50 per share for gross proceeds of approximately C$60 million.

The offering was completed on a bought deal basis by a syndicate of underwriters led by TD Securities Inc. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., CIBC World Markets Inc., Roth Canada, Inc., Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Raymond James Ltd.

The shares issued pursuant to the offering were also offered in the United States by way of private placement to “qualified institutional buyers” in reliance upon the exemption from registration provided by Rule 144A under the U.S. Securities Act of 1933 and internationally as permitted by law.

Anaergia intends to use the net proceeds of the offering to fund its growth strategy, including the development of build-own-operate assets in its development pipeline and for general corporate purposes.

Further information can be found on Business Wire’s website.

Anaergia is a global leader in the production of clean energy, fertilizer, and recycled water from virtually any waste stream, offering the widest range of maximized resource recovery technologies for the municipal, industrial, commercial, and agricultural markets. Its integrated resource recovery solutions create value for its customers in the forms of renewable natural gas, quality fertilizers, and clean water, while dramatically reducing the cost of waste management.