Le Lézard
Classified in: Oil industry, Business
Subject: STOCK/OTHER MARKET NEWS

Valener Announces Result of Conversion Notice on Cumulative Rate Reset Preferred Shares, Series A



MONTREAL, QUEBEC--(Marketwired - Oct. 3, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

Valener Inc. ("Valener") (TSX:VNR)(TSX:VNR.PR.A) today announced that, after having taken into account all conversion notices received from holders of its outstanding Cumulative Rate Reset Preferred Shares, Series A ("Series A Shares") by the September 29, 2017 deadline for the conversion of the Series A Shares into Cumulative Floating Rate Preferred Shares, Series B ("Series B Shares"), less than the 1,000,000 Series A Shares required to give effect to conversions into Series B Shares were tendered for conversion. As a result, none of Valener's Series A Shares will be converted into Series B Shares on October 15, 2017.

Overview of Valener

Valener is a public company held entirely by its shareholders and serves as the investment vehicle in Gaz Métro. Through its investment in Gaz Métro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Québec and Vermont. As a strategic partner, Valener, on the one hand, contributes to Gaz Métro's growth, and on the other, invests in wind power production in Québec alongside Gaz Métro. Valener favours energy sources and uses that are innovative, clean, competitive and profitable. Valener's common shares and preferred shares are listed on the Toronto Stock Exchange under the "VNR" symbol for common shares and under the "VNR.PR.A" symbol for Series A preferred shares. www.valener.com.


These press releases may also interest you

at 01:00
Regeneron Pharmaceuticals, Inc. and ISA Pharmaceuticals B.V., a clinical-stage immunotherapy company, today announced a clinical collaboration to advance ISA101, an immunotherapy targeting human papillomavirus type 16 (HPV16)-induced cancer, in...

17 déc 2017
Bloomberg Media and Twitter today launched TicToc by Bloomberg, the first-ever 24/7 global news network built for a social media platform that targets the next generation of on-the-go, mobile-first news consumers. TicToc by Bloomberg combines the...

17 déc 2017
Fast-growing Italian luxury holding company ItalianCreationGroup is rapidly expanding across Asia, opening the first store of its luxury, eco-friendly kitchen design firm Valcucine in Tokyo, Japan. It follows store openings in Hong Kong and Mumbai,...

17 déc 2017
Up to date, financial blockchain corporation Finom AG raised $37 million of $101 declared during tokenized equity offering. The project releases both a security FIN and utility NOM tokens. FIN token is executed pursuant to Regulation D of the U.S....

17 déc 2017
Equinix, Inc. , the global interconnection and data center company, today announced that it has entered into an agreement with Ontario Teachers' Pension Plan to acquire all of the equity interests in the Metronode group of companies, an Australian...

17 déc 2017
Oracle today announced that it has entered into an agreement with Aconex Limited (ASX: ACX), a leading cloud-based solution that manages team collaboration for construction projects, for A$7.80 per share in cash. The transaction is valued at...




News published on 3 october 2017 at 14:03 and distributed by: