Staff
The Caisse de dépôt et placement du Québec has increased its stake in Innovente, a company that transforms organic waste into electricity and heat.
The fund has subscribed for 1,818,182 units at a price of $0.55, which consists of one common share and one common share purchase warrant.
Each warrant gives the right to acquire one additional share at an exercise price of $0.70 per share at any time until Sept. 30, 2016.
Prior to this transaction, the Caisse held 4,050,000 shares of Innovente.
Taking into account the potential exercise of warrants for stock, the Caisse could hold a total of 7,686,364 shares of the Quebec City-based company, representing 16.68% of all shares issued and outstanding.
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