/NOT FOR DISTRIBUTION INTO OR IN THE UNITED STATES, FRANCE OR THE UNITED
KINGDOM. THIS PRESS RELEASE IS NOT AN OFFER TO SELL SECURITIES, OR THE
SOLICITATION OF AN OFFER TO BUY SECURITIES IN THE UNITED STATES, FRANCE,
THE UNITED KINGDOM OR IN ANY OTHER JURISDICTION/
LONGUEUIL, QC, Oct. 26 /CNW Telbec/ - Innergex Renewable Energy Inc.
(formerly Innergex Management Inc.) today filed with the Autorité des marchés
financiers and the Canadian Securities Administrators of the other provinces
in Canada its preliminary prospectus relating to the initial public offering
of its common shares.
Innergex Renewable Energy's preliminary prospectus is available on the
SEDAR website at http://www.sedar.com. The offering will be underwritten by a
syndicate of underwriters led by BMO Nesbitt Burns Inc. and CIBC World Markets
Inc., which will act as joint bookrunners for the offering.
((*)) ((*)) ((*))
Innergex Renewable Energy Inc. (the "Corporation") is an independent
developer and operator of renewable power generating facilities and is one of
the most active in the Canadian renewable power industry with a focus on
hydroelectric and wind projects. Innergex Renewable Energy's management team
has been active in the renewable power industry since 1990 and has brought to
commercial operation or refurbished, through different entities,
11 hydroelectric and two wind power facilities, representing an aggregate
installed capacity of 348 MW. Following the closing of the proposed initial
public offering, Innergex Renewable Energy will own 16.1% and remain the
Manager of the Innergex Power Income Fund, a publicly traded income fund
listed on the Toronto Stock Exchange. In addition, the Corporation will own a
portfolio of projects which consists of one operating facility (8 MW),
interests in nine development projects with power purchase agreements (gross
expected capacity of 565 MW) under construction or to be constructed between
2008 and 2012 and 21 prospective projects (gross expected capacity of
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy common shares of Innergex Renewable Energy.
The common shares have not been and will not be registered under the United
States Securities Act of 1933, as amended, or applicable state securities
laws, and the common shares may not be offered or sold in the United States
absent registration or an applicable exemption from registration. Innergex
Renewable Energy does not intend to proceed with the registration of the
common shares under the United States Securities Act or to make a public offer
in the United States.
For further information:
For further information: Jean Trudel, Vice President, Finance and
Investor Relations, (450) 928-2550, email@example.com