RE Royalties Expands International Portfolio with US$1.5 Million Royalty Acquisition in the Philippines; OCEP Loan Fully Repaid and Royalty Revenue Commences

What happened: RE Royalties Ltd. (TSX.V:RE)(OTCQB:RROYF)(FSE:Y2V) agreed to pay US$1.5 million for a gross revenue royalty on nine operating rooftop solar projects totaling 14.2 MW in the Philippines. Why it matters: The company said the deal expands its cash-generating royalty portfolio into Southeast Asia and builds a relationship with a developer that has a larger pipeline. It said the OCEP repayment recovered 100% of principal while retaining a royalty interest expected to generate recurring revenue for ten years.

RE Royalties Ltd. (TSX.V:RE)(OTCQB:RROYF)(FSE:Y2V) agreed to pay US$1.5 million for a gross revenue royalty on nine operating rooftop solar projects totaling 14.2 MW in the Philippines.

The company said the deal expands its cash-generating royalty portfolio into Southeast Asia and builds a relationship with a developer that has a larger pipeline. It said the OCEP repayment recovered 100% of principal while retaining a royalty interest expected to generate recurring revenue for ten years.