/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
TORONTO, Dec. 2, 2013 /CNW/ - Aecon Group Inc. ("Aecon" or the
"Company") (TSX: ARE) today announced that it has successfully closed
the issuance of an additional $22.5 million aggregate principal amount
of 5.50% convertible unsecured subordinated debentures due December 31,
2018 (the "Debentures") pursuant to the full exercise of the
over-allotment option granted to the syndicate of underwriters led by
TD Securities Inc. and GMP Securities L.P. in connection with the
Company's recent public offering of $150 million aggregate principal
amount of Debentures that closed on November 27, 2013, bringing the
total aggregate gross proceeds from the offering to $172.5 million.
The securities offered have not been and will not be registered under
the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable
exemption from the registration requirements of such Act. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy the securities in any jurisdiction.
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public
sector clients. Aecon is pleased to be consistently recognized as one
of the Best Employers in Canada.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release includes certain forward-looking statements with
respect to the Company and the offering of Debentures which are
necessarily based on a number of estimates and assumptions that, while
considered reasonable by the Company, are inherently subject to
significant risks, uncertainties, and contingencies. These
"forward-looking" statements are based on currently available
information but are subject to risks and uncertainties. In addition to
general global events outside Aecon's control, there are factors which
could cause actual results, performance or achievements to vary from
those expressed or inferred herein including risks associated with the
risks related to Aecon's business. Risk factors are discussed in
greater detail in the section on "Risk Factors" in the Company's Annual
Information Form filed on March 27, 2013 and available at www.sedar.com. Forward looking statements, may in some cases be identified by words
such as "will," "plans," "believes," "expects," "anticipates,"
"scheduled," "estimates," "projects," "intends," "should" or the
negative of these terms, or similar expressions. Except as required by
applicable securities laws, forward-looking statements speak only as of
the date on which they are made and Aecon undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
SOURCE: Aecon Group Inc.
For further information:
Senior Vice President,
Aecon Group Inc.