Innergex Closes Over-Allotment Option

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Innergex Renewable Energy Inc. has closed the over-allotment option previously granted to a syndicate of underwriters to purchase an additional C$10.5 million principal amount of 5.75% extendible convertible unsecured subordinated debentures.

Granted to the syndicate of underwriters in connection with Innergex's offering of C$70 million principal amount of debentures completed on March 8, the over-allotment option brings the aggregate gross proceeds of the offering to C$80.5 million.

The syndicate of underwriters, co-led by BMO Capital Markets and TD Securities Inc., includes CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.

SOURCE: Innergex Renewable Energy Inc. Â

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