Plutonic Power Closes Financing Deal; Funds Will Finance Wind Farm Acquisition

Posted by NAW Staff on November 05, 2009 No Comments
Categories : FYI

Vancouver, British Columbia-based Plutonic Power Corp. has closed a bought-deal financing, raising gross proceeds of C$70.3 million through the sale of 21 million common shares at a price of C$3.35 per share.

The net proceeds of the offering will be used to finance the planned acquisition of the Dokie Ridge Wind Project and to satisfy previous commitments made with respect to the Toba Montrose project transmission line.

The financing was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc., GMP Securities LP and Macquarie Capital Markets Canada Ltd., and including Scotia Capital Inc., Toll Cross Securities Inc., Canaccord Capital Corp., M Partners Inc., PI Financial Corp., Salman Partners Inc. and Versant Partners Inc.

SOURCE: Plutonic Power Corp.

Leave a Comment