Boralex Calls For Special Meeting

Boralex Inc. has announced that its offer to purchase all of the issued and outstanding shares of the Boralex Power Income Fund has expired. The company has called for a special meeting on Oct. 21 during which it will seek approval of a special resolution to amend Section 6.29 of the fund's trust agreement or adopt a special resolution to authorize and approve an alternative form of a subsequent acquisition transaction.

With ownership of approximately 73% of all the units, Boralex says it holds a sufficient number of votes to carry out a subsequent acquisition transaction.

SOURCE: Boralex Inc.


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