MW Coast Mountain Power Corp

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.


Boralex Inc. (TSX:BLX) ("Boralex" or the "Company") is pleased to announce that
it has increased its previously announced bought deal financing of Extendible
Convertible Unsecured Subordinated Debentures (the "Extendible Debentures") with
a syndicate of underwriters led by TD Securities Inc. for gross proceeds of
$95,000,000 (the "Financing").


Boralex intends to use the net proceeds of the offering to fund the payment of
the cash component consideration of its offer to acquire all of the issued and
outstanding trust units of Boralex Power Income Fund (for further details please
refer to Boralex's press release dated August 25, 2010). Closing of the
Financing (the "Financing Closing") is expected on or about September 15, 2010
and is subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the Toronto Stock
Exchange.


The Extendible Debentures issued in connection with the Financing will bear
interest at a rate of 6.75% per annum, payable semi-annually, and will be
convertible at the option of the holder into Boralex Shares at a conversion
price of $12.50 per Boralex Share, being a ratio of 8.0 Boralex Shares per $100
principal amount of Extendible Debentures.


The Extendible Debentures will have an initial maturity date of December 31,
2010 (revised from October 31, 2010) and will automatically be extended to June
30, 2017 upon closing of the acquisition.


The Company has granted the underwriters an option, for a period of 30 days
following the Financing Closing, to purchase up to an additional 15% of the
principal amount of Extendible Debentures to cover over-allotments, if any.


The Extendible Debentures have not been and will not be registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirement of such Act. This news release is not an offer of securities for
sale in the United States.


About Boralex

Boralex is a major independent power producer whose core business is the
development and operation of power stations that generate renewable energy.
Employing over 300 people, the Corporation operates 28 power stations with a
total installed capacity of 410 megawatts ("MW") in Canada, in the Northeastern
United States and in France. In addition, the Corporation has, alone or with its
European and Canadian partners, power projects under development that will add
close to 300 MW of power, of which almost 100 MW will come online by the end of
fiscal 2010. Boralex is distinguished by its diversified expertise and in-depth
experience in three power generation segments - wind, hydroelectric and thermal.
Boralex also holds a 23% interest in Boralex Power Income Fund, which has 10
power stations with a total installed capacity of 190 MW in Quebec and the
United States. These sites are managed by Boralex. Boralex shares are listed on
the Toronto Stock Exchange (TSX) under the ticker symbol BLX. More information
is available at www.boralex.com or www.sedar.com.


Reader Advisory

Certain statements in this press release and the notice extension are forward
looking statements and are prospective in nature. Forward looking statements are
not based on historical facts, but rather on current expectations and
projections about future events and are therefore subject to risks and
uncertainties which could cause actual results to differ materially from the
future results expressed or implied by the forward looking statements. These
statements generally can be identified by the use of forward-looking words such
as "may", "should", "will", "could", "except", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue" or the negative thereof or
similar variations. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations. Important
factors that could cause actual results to differ materially from the Company's
expectations include, among other things, general business and economic
conditions and competition within those Such forward-looking statements should,
therefore, be construed in light of such factors and the Company is under no
obligation and expressly disclaims any intention or obligation to update or
revise any forward looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to buy or solicitation of an
offer to sell any securities.

Coast Mountain Power Corp (TSXV:MW)
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から 5 2024 まで 6 2024

Coast Mountain Power Corp (TSXV:MW)
過去 株価チャート
から 6 2023 まで 6 2024