Roma Green Finance (ROMA) said Thursday it expects to be granted a non-exclusive right of first offer in connection with its previously disclosed non-binding letter of intent to subscribe for a 5% equity interest in BlueFlare Group.

The company said it would have the first opportunity to offer site-level project funding for the behind-the-meter data center sites developed under Canadian energy and digital infrastructure platform BlueFlare's distributed Alberta program, which is targeting up to 500 megawatts of aggregate capacity.

Roma Green said it has not made any investment in BlueFlare to date, and that the proposed equity subscription, right of first offer and master letter of intent are non-binding and subject to conditions.

The right of first offer is expected to be granted under a contemplated master letter of intent between BlueFlare and infrastructure developer Bloc3 Energy, in partnership with ZAJA.

Shares of Roma Green were up close to 9% pre-bell.