Anaergia Announces Strategic Investment Update

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BURLINGTON, Ontario — Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG), a global renewable fuels leader, is pleased to announce that all interim conditions in respect to the previously announced equity investment of C$40.8 million (the “Strategic Investment”) have been satisfied.

Marny Investissement SA (“Marny”) has delivered a professional guarantee of payment to Anaergia guaranteeing the performance of its subsidiary’s payment obligations in connection with the Strategic Investment. Anaergia has accepted this guarantee in lieu of the requirement to deliver bank guarantees.

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The Strategic Investment will close in three tranches of 34,000,000 units of the Company for gross proceeds of C$13.6M each. The first, second and third tranches may close no later than January 15, 2024, February 15, 2024, and March 15, 2024, respectively. The closing of the first, second and third tranches remain subject to a limited number of customary conditions.

Please refer to the Company’s news release dated December 18, 2023, for more information with respect to the Strategic Investment.

About Marny

Marny is a Luxembourg-based holding company which focuses on investment properties in central and eastern Europe. Marny invests in high-quality projects that utilize advanced technology and materials and through Marny’s collaborations with its partners it ensures that its investments are well-managed and yield maximum value.

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…