Thursday, December 14, 2017

Canada: Completion of Alterra Takeover Expected in First Quarter of 2018

Alterra Power Corp. Announces Shareholder Approval of The Arrangement (News Release)

Alterra Power Corp. has announced that its shareholders have voted overwhelmingly to approve the previously announced plan of arrangement whereby Innergex Renewable Energy Inc. will acquire all of the issued and outstanding common shares of Alterra.

99.89% of the Alterra shares represented at Alterra's special meeting of shareholders held today were voted in favour of the special resolution approving the Arrangement.

Alterra will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on or about Monday December 18, 2017. Alterra is in the process of obtaining various regulatory approvals and key third party consents. Completion of the Arrangement is expected to occur in the first quarter of 2018.

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