MONTREAL, March 1, 2012 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), created in the context of the reorganization of Gaz Métro Limited Partnership's ("Gaz Métro") public ownership structure, will hold its annual and special meeting of shareholders on March 14, 2012 at 10:00 a.m. (Montréal time) at the Palais des congrès de Montréal, 159 Saint-Antoine Street West, Room 511 A-E, Montréal (Québec).
In addition to the usual annual meeting agenda, which includes the appointment of auditors and election of directors, shareholders will be asked to vote on a resolution ratifying the adoption by Valener's Board of Directors of the Shareholder Rights Plan.
Shareholders, media and other interested parties who are unable to attend the meeting are invited to listen to a live webcast on Valener's website (www.valener.com) in the "Investors" section under "Events and presentations". A recording will also be available for 90 days after the meeting.
Valener owns an economic interest of approximately 29% in Gaz Métro. Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the wind power projects developed with Gaz Métro and Boralex Inc. on the private lands of Séminaire de Québec. Valener may also pursue its own development projects and acquisition strategies subject to a non-competition agreement in favour of Gaz Métro and to applicable limitations under its credit facility. Valener's common shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol. www.valener.com.
For further information:
Investors and analysts
Senior advisor, Investor Relations
Advisor, Media and Public Relations