Innoventé closes C$2.26 million private placement of common shares
Date Closed
January 10, 2013
Lead Office
Québec City
Value
2.26 Million CAD
On January 10, 2013, Innovente Inc. announced that it had closed its previously announced private placement of common shares (the “Common Shares”) at a price of C$0.55 per Common Share for total gross proceeds of approximately C$2,260,149.65 (the “Private Placement”). The Private Placement was conducted by National Bank Financial Inc. acting as agent.
The net proceeds from the Private Placement will be used by Innovente to complete the construction of the Saint-Patrice-de-Beaurivage project, to fund its working capital and for general corporate purposes.
Innoventé, headquartered in Québec City, Québec, is a producer of renewable energy.
McCarthy Tétrault LLP advised Innoventé with a team led by Anne-Marie Naud.
