LUXEMBOURG, Dec. 19, 2023 /CNW/ - Marny Investissement SA ("Marny"), through its wholly owned subsidiary Marny Holdco Inc. ("Marny Holdco"), has agreed to subscribe for 102,000,000 units ("Units") of Anaergia Inc. (TSX: ANRG) ("Anaergia" or the "Company") by way of an arm's-length non-brokered private placement (the "Strategic Investment") at a price of $0.40 per Unit for total consideration of approximately C$40.8 million. Each Unit is comprised of one subordinate voting share of the Company (each, a "Subordinate Voting Share") and 1/5 of one Subordinate Voting Share purchase warrant of the Company (each a "Warrant"). Each Warrant entitles Marny Holdco to purchase one additional Subordinate Voting Share at an exercise price of C$0.80 for a period of three years following the closing of the first tranche of the Strategic Investment. The Strategic Investment will close in three tranches of 34,000,000 Units 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 Strategic Investment is subject to, among other thing, the timely fulfillment of the payment obligations under the subscription by Marny Holdco and, the delivery by Marny Holdco of guarantees in respect of the payment obligations, acceptable to Anaergia, acting reasonably, on or about December 22, 2023 (the "Interim Conditions Completion Date"). The closing of the first, second and third tranches are subject to a limited number of customary conditions.