Boralex announces closing of financing

    MONTREAL, June 7 /CNW Telbec/ - Boralex Inc. ("Boralex" or the
"Corporation") announces the closing of its previously announced public
offering of 6,666,667 Class A shares for gross proceeds of $100,000,000. The
Class A shares are being distributed to the public pursuant to a short form
prospectus filed with securities regulatory authorities in each province of
Canada through an underwriting syndicate led by Cormark Securities Inc. and
including National Bank Financial Inc., GMP Securities L.P., CIBC World
Markets Inc., Desjardins Securities Inc. and TD Securities Inc. (collectively
the "Underwriters"). Boralex is also pleased to announce that an
over-allotment option granted to the Underwriters to purchase an additional
666,667 Class A shares at a price of $15.00 per share has been exercised.
    The offering, including the over-allotment option, will result in total
net proceeds to Boralex of approximately $105,600,000, which will be used for
working capital and general corporate purposes.

    About Boralex

    Boralex is a major private electricity producer whose core business is
the development and operation of power stations that run on renewable energy.
Employing close to 300 people, the Corporation owns and operates 21 power
stations with a combined installed capacity of 333 MW in Quebec, the
northeastern United States and France.Boralex is distinguished by its leading
expertise and long experience in four types of power generation - wind power,
hydroelectric power, thermal and cogeneration power from natural gas or wood
residue. The Boralex shares trade on the Toronto stock exchange under the
ticker symbol BLX.
    In addition, Boralex holds a 23% interest in Boralex Power Income Fund
which owns 10 power stations in Quebec and the United States with an installed
capacity of close to 190 MW. Management of the Fund's assets is provided by

For further information:

For further information: Patricia Lemaire, Director, Communications, 
Boralex Inc., (514) 985-1353,

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890