12:01 PM EST - Innergex Renewable Energy Inc. : announced it has signed a purchase and sale agreement to acquire from the Hydromega Group of Companies its 70% interest in the Magpie hydroelectric facility located in the Minganie RCM, in Northeastern Quebec. Concurrent with this acquisition, the Corporation has closed a private placement with the Caisse de dépôt et placement du Québec and one other institutional investor, to issue a total of 12,040,499 common shares at a price of $10.27 per share, for gross proceeds of $123.7M. These funds will be used to finance the acquisition of the Magpie facility, as well as other acquisitions announced recently by the Corporation. Innergex Renewable Energy Inc.
shares T.INE are trading up $0.02 at $10.70.
