The Canadian firm Boralex Inc. has filed a preliminary prospectus with the securities commissions in Quebec and Ontario for a US$ 30-million issue of units to the public.
The company announced that e…
The Canadian firm Boralex Inc. has filed a preliminary prospectus with the securities commissions in Quebec and Ontario for a US$ 30-million issue of units to the public. The company announced that each unit will consist of class A shares and a debenture that will be subordinated, unsecured and convertible into class A shares. The proposal will be submitted to a vote at a special shareholders meeting in March. According to Boralex, proceeds from the offer will be used to finance the renovation and construction of hydroelectric, thermal and co-generation plants in Quebec and to make strategic acquisitions.