Innergex Renewable Energy Files IPO Prospectus

NAW Staff, Friday 30 November 2007 - 01:00:00

Innergex Renewable Energy Inc., a Longueuil, Quebec-based wind power developer, has filed with the Autorite des marches financiers and the Canadian Securities Administrators of the other provinces in Canada its final prospectus relating to the initial public offering (IPO) of its common shares.

A preliminary prospectus was filed on Oct. 26, and an amended and restated preliminary prospectus was filed on Nov. 2. The prospectus qualifies the public offering of 10.45 million common shares at a price of C$11.00 per common share for total gross proceeds of approximately $115 million. The offering is expected to close on or about Dec. 6.

Innergex says the offering was made through a syndicate of underwriters co-led by BMO Capital Markets and CIBC World Markets Inc. The syndicate of underwriters also includes RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., National Bank Financial Inc., Canaccord Capital Corp. and Dundee Securities Corp.

The Toronto Stock Exchange (TSX) has conditionally approved the listing of the common shares of the corporation under the symbol INE, subject to the corporation fulfilling all of the listing requirements of the TSX.



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