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Enbridge Inc Announces $500 Million Common Equity Offering


Thursday, 4 Apr 2013 04:30pm EDT 

Enbridge Inc announced that it has entered into an agreement with RBC and TD Securities Inc. (the Underwriters) to sell 10,850,000 million treasury common shares, on a bought deal basis, at $46.11 per common share for distribution to the public. Closing of the offering is expected on or about April 16, 2013. Enbridge has granted the Underwriters an option, exercisable at any time up to 48 hours prior to closing of the offering, to purchase up to an additional 2,170,000 million treasury common shares at $46.11 per common share. The offering is being made only in Canada by means of a prospectus. Proceeds will be used to fund our recently announced regional oilsands, renewable energy, and natural gas pipelines and processing projects, reduce outstanding indebtedness, to make investments in subsidiaries and for general corporate purposes. 

Company Quote

49.65
0.56 +1.14%
22 Jul 2014