RE Royalties Enters into USD $5.6 Million Loan and Royalty Agreement with Nomad Transportable Power Systems
Summary
Integral Wealth Securities Limited, a full-service investment dealer engaged in wealth management, market making, and investment banking, introduced NOMAD to the Company.Bernard Tan, CEO of the Company stated "This transaction offers RE Royalties an excellent opportunity to further expand our position in the battery storage market and demonstrates the demand for our innovative royalty financing solution. The Company currently owns 100 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, Europe, and the United States. The Companys business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.Nomad Transportable Power Systems, Inc. ("NOMAD"), is a Delaware company formed by Northern Reliability ("NRI") and KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information may relate to the Companys future outlook and anticipated events or results and may include statements regarding the Companys financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing.