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Boralex raises $258MM to finance wind farm purchase
Boralex Inc., a builder of renewable energy projects based in Montreal, raised $258 million through two equity issues that will fund its acquisition of $215 million wind farm assets held by Invenergy Renewables. Boralex issued of 10.2 million subscription receipts for $20.20 each to raise $207 million. In addition, it raised $51.8 million through the private placement of common shares with Caisse de dépôt et placement du Québec.The private placement includes the full exercise......
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