MONTREAL, Oct. 1 /CNW Telbec/ - Boralex Inc. ("Boralex" or the
"Corporation") announces that its Board of Directors has temporarily suspended
the trading restrictions on insider transactions of the Corporation's
securities during black-out periods imposed by Boralex's policy on insider
trading and treatment of privileged information.
The Board determined that in the current market context, the recent
trading price of its shares does not reflect their true value. In order to
protect shareholder value, the Board decided that it would be in the best
interest of the shareholders that such restrictions be temporarily suspended.
The Board confirmed that it is not aware of any material information which has
not previously been disclosed to the public. The decision to suspend the
black-out period applies only to purchases of shares and will remain in effect
until the Board of Directors' next meeting.
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 MW of 351 MW in Quebec, the
northeastern United States and France. The Corporation also has 240 MW of
contracted capacity for future production sites. Boralex is distinguished by
its leading expertise and long experience in three types of power generation -
wind, hydroelectric and thermal. The Boralex shares trade on the Toronto stock
exchange under the ticker symbol BLX. www.boralex.com
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: Ms. Patricia Lemaire, Director, Public Affairs
and Communications, Boralex Inc., (514) 985-1353,