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BURLINGTON, ON, July 20, 2021 /CNW/ - Anaergia Inc.
("Anaergia" or the "Company") (TSX: ANRG), an
integrated waste-to-value platform created to eliminate greenhouse
gases by cost-effectively turning organic waste into renewable
natural gas, fertilizer and water, announced today that, further to
its recently completed initial public offering (the
"Offering") of 12,500,000 subordinate voting shares of the
Company ("Subordinate Voting Shares") at a price of
C$14.00 per Subordinate Voting Share
(the "Offering Price"), which closed on June 23, 2021, the Underwriters have partially
exercised their over-allotment option (the "Over-Allotment
Option") to purchase an additional 1,740,500 Subordinate Voting
Shares at the Offering Price. The aggregate gross proceeds of the
Offering, including the partial exercise of the Over-Allotment
Option, were C$199,367,000.
The Subordinate Voting Shares began trading on the Toronto Stock
Exchange (the "TSX") on June 18,
2021 under the symbol "ANRG".
The Offering was made through a syndicate of underwriters co-led
by TD Securities Inc. and Barclays Capital Canada Inc., acting as
joint bookrunners, and including CIBC Capital Markets, Scotiabank,
National Bank Financial Inc., Raymond James Ltd., Roth Canada, ULC
and Canaccord Genuity Corp. (collectively, the
"Underwriters").
Torys LLP acted as legal counsel to Anaergia and Goodmans LLP
acted as legal counsel to the Underwriters.
The Offering was completed pursuant to the Company's
supplemented PREP prospectus dated June 18,
2021 (the "Prospectus") and filed with the securities
commissions or similar authorities in each of the provinces and
territories of Canada, a copy of
which is available under the Company's profile on SEDAR at
www.sedar.com.
No securities regulatory authority has either approved or
disapproved the contents of this news release. The securities under
the Offering have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or the securities laws of any state of
the United States and may not be
offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an
exemption from the registration requirements of the U.S. Securities
Act and applicable state securities laws. This news release does
not constitute an offer to sell or solicitation of an offer to buy
any of these securities in any jurisdiction in which the offering
or sale thereof is not permitted.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse
gases ("GHGs") by cost effectively turning organic waste
into renewable natural gas ("RNG"), fertilizer and water
through the use of proprietary technologies. With a track record of
delivering innovative projects, Anaergia is uniquely positioned to
provide solutions to today's most pressing resource recovery
challenges using a broad portfolio of proven technologies and
multiple project delivery methods. Anaergia is one of the world's
only companies with a proprietary portfolio of end-to-end solutions
that integrate solid waste processing as well as wastewater
treatment with organics recovery, high efficiency anaerobic
digestion, RNG production and recovery of fertilizer and water from
organic residuals. The combination of these technologies enhances
carbon-negative biogas, clean water and natural fertilizer
production, utilizes a minimized footprint and lowers waste and
wastewater treatment costs and GHG emissions.
Forward-Looking Statements
This news release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events. Forward-looking information is based on a number of
assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the Company's control. Such risks and
uncertainties include, but are not limited to, the factors
discussed under "Risk Factors" in the Prospectus. Actual results
could differ materially from those projected herein. Anaergia does
not undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as expressly required under applicable
securities laws.
SOURCE Anaergia Inc.