The financing was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc., GMP Securities L.P. and Macquarie Capital Markets Canada Ltd., and including Scotia Capital Inc., Toll Cross Securities Inc., Canaccord Capital Corporation, M Partners Inc., PI Financial Corp., Salman Partners Inc. and Versant Partners Inc.
The net proceeds of the offering will be used to fund construction of a transmission line to carry electricity from the company’s East Toba and Montrose hydro project, as well as to finance the planned acquisition of the Dokie Ridge Wind Project and general corporate purposes.
Plutonic first announced the deal in mid-October this year.
