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Latest Boralex Inc. Stories

2010-11-01 06:30:00

MONTREAL, Nov. 1 /PRNewswire/ - Boralex Inc. (Boralex or the "Corporation") announces that the motion to obtain a safe guard order sought by O'Leary Funds Management LP to block any action affecting its units of Boralex Power Income Fund (the "Fund") has been rejected.  Following the hearing that was held on October 19 and 20, the Honourable Justice Poirier rejected the arguments that were made by O'Leary Funds Management LP. Boralex is now able to complete its acquisition...

2010-09-29 08:26:00

MONTREAL, Sept. 29 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex" or the "Corporation") is pleased to announce the successful closing of an additional $14,250,000 aggregate principal amount of 6.75% convertible unsecured subordinated debentures (the "Debentures") due to the exercise of the over-allotment option, in its entirety, on the previously issued $95,000,000 million aggregate principal amount of Debentures which closed on September 15, 2010. The Debentures were offered to the public...

2010-09-28 18:48:00

MONTREAL, Sept. 28 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex") announces that its offer, as amended (the "Offer"), to purchase all of the issued and outstanding trust units (the "Units") of Boralex Power Income Fund (the "Fund") has expired today at 7:00 p.m. (ET) and that it will not be further extending the Offer. Computershare Investor Services Inc., in its capacity as depositary under the Offer, has advised Boralex that as of 7:00 p.m. (ET) today an additional 4.5% of Units have...

2010-09-16 16:12:00

MONTREAL, Sept. 16 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex") announces that it has completed the payment for all of the trust units (the "Units") of Boralex Power Income Fund (the "Fund"), which have been deposited and not withdrawn prior to 7:00 p.m. on September 15, 2010 (the "Initial Take-up"), pursuant to the previously announced offer to acquire the Fund by Boralex, as amended on July 12, 2010 and August 25, 2010 (the "Offer"). Under the terms of the Offer, unitholders of the...

2010-09-15 19:40:00

MONTREAL, Sept. 15 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex") announces that as of 7:00 p.m. (ET) 26,428,340 trust units (the "Units") of Boralex Power Income Fund (the "Fund") have been deposited pursuant to the previously announced offer to acquire the Fund by Boralex, as amended on July 12, 2010 and August 25, 2010 (the "Offer"). Boralex has taken-up all of the deposited Units which, together with the 13,767,990 units held by Boralex, represent approximately 68% of the outstanding...

2010-09-14 13:00:00

MONTREAL, Sept. 14 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex") reminds unitholders of Boralex Power Income Fund (the "Fund"), that its revised offer to acquire all of the trust units of the Fund, on August 31, 2010, will expire at 7 p.m. (ET) on September 15, 2010. The revised offer from Boralex to acquire all of the units of the Fund has been made on the basis of either $5.00 in cash or 0.05 of a $100 principal amount of 6.75% convertible unsecured subordinated debenture of Boralex for...

2010-08-31 20:03:00

MONTREAL, Aug. 31 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex" or "Corporation") has filed a preliminary short form prospectus with the Canadian securities regulatory authorities in each of the provinces of Canada in connection with its previously announced bought deal offering of $95 million of 6.75% of extendible convertible unsecured subordinated debentures. The underwriting syndicate is led by TD Securities Inc., and includes CIBC World Markets Inc., National Bank Financial Inc., RBC...

2010-08-13 18:59:00

MONTREAL, Aug. 13 /PRNewswire-FirstCall/ - Boralex Inc. ("Boralex") is extending its offer as improved on July 12, 2010 (the "Offer") to purchase all of the issued and outstanding trust units (the "Units") of Boralex Power Income Fund (the "Fund"), to 7:00 p.m, on September 10, 2010. Computershare Investor Services Inc., in its capacity as depositary under the Offer, has advised Boralex that as of 7:00 p.m. (ET) today 58% of the Units, together with the Units held by Boralex, are in favour of...

2010-08-06 06:00:00

MONTREAL, Aug. 6 /PRNewswire-FirstCall/ - Results for the second quarter of Boralex Inc. ("Boralex" or the "Corporation"), although impaired by the macro-economic environment, demonstrate the steady growth of profitability from the wind energy sector. "The second quarter disapointing results do not affect in any way the growth prospects of Boralex. We continue to invest strongly in wind development of which 100 MW will be commissioned by December. These new assets will have a positive effect...

2010-08-03 06:00:00

MONTREAL, Aug. 3 /PRNewswire-FirstCall/ - The financial results of Boralex Power Income Fund (the "Fund") have been impaired in the second quarter 2010 by weak hydrology. For the second quarter ended June 30, 2010, the Fund generated revenues from energy sales of $19.4 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of $8.0 million, against respectively $25.0 million and $11.0 million for the second quarter 2009. The decreases stem from unfavorable...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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