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Alterra Power Corp. completes C$68M equity financing

Date closed: 10/26/2016

Value: C$68 million

On October 26, 2016, Alterra Power Corp. completed the closing of its previously announced bought-deal offering through a syndicate of underwriters led by National Bank Financial Inc. and Raymond James Ltd., and including Canaccord Genuity Corp., Cormark Securities Inc. and RBC Dominion Securities Inc.

Concurrently, Alterra completed the closing of its previously announced non-brokered private placement. The aggregate gross proceeds of the bought deal financing and the private placement are C$67,934,778.

BLG represented Alterra Power Corp. with a team led by Fred Pletcher that included Stephen RobertsonTom Ladner and Michelle Wilkinson.