Anaergia, a leading renewable fuels company, is making significant progress in securing a substantial equity investment worth CAD 40.8 million (USD 30.2 million) from Marny Investissement.
According to Anaergia, Marny has informed them that they are diligently addressing the issues that caused the payment delay and anticipates transmitting the funds by Monday.
To complete this deal, 34 million units of Anaergia, each comprising of one subordinate voting share and one-fifth of a voting share purchase warrant, will be issued to the Luxembourg-based holding company once gross proceeds of CAD 13.6 million are received.
In line with the agreement made last year, Marny committed to purchasing a total of 102 million units of Anaergia at a price of CAD 0.40 per unit. The first tranche, originally scheduled to be closed no later than January 15, will be followed by the second and third tranches, due on February 15 and March 15 respectively. These investments will be crucial in allowing Anaergia to settle its accounts payable and support ongoing operations.
We will be closely monitoring the developments of this investment as Anaergia continues to advance in their efforts to secure this significant funding.
