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Polaris Infrastructure Inc (PIF.TO)

PIF.TO on Toronto Stock Exchange

11.51CAD
21 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Polaris Infrastructure Acquires Union Energy Group Corp
Tuesday, 30 Oct 2018 10:35pm EDT 

Oct 30 (Reuters) - Polaris Infrastructure Inc ::POLARIS INFRASTRUCTURE ACQUIRES UNION ENERGY GROUP CORP..PURCHASE CONSIDERATION CONSISTS OF:AT CLOSING: 600,000 COMMON SHARES OF COMPANY ("SHARES") (APPROXIMATELY 3.7%).PURCHASE CONSIDERATION CONSISTS OF OVER TWO-YEAR PERIOD POST-CLOSING: 300,000 WARRANTS EXERCISABLE AT A 20% PREMIUM TO CLOSING SHARE PRICE.POLARIS - PURCHASE CONSIDERATION ALSO INCLUDES UPON COMPLETION OF CONSTRUCTION OF GENERACIÓN ANDINA PROJECTS: 600,000 SHARES, $396,000 IN CASH;.PURCHASE CONSIDERATION CONSISTS OF FUNDAMENTAL RESTRUCTURING OF EXISTING GENERACIÓN ANDINA PROJECT DEBT.POLARIS - AGREES TO INVEST CAPITAL FOR GENERACIÓN ANDINA PROJECT COMPLETION;WILL RECEIVE 15% ANNUAL "PREFERRED" RETURN FOR PROJECT-LEVEL CASH FLOWS.POLARIS - ANTICIPATED THAT GENERACIÓN ANDINA PROJECTS AND TRANSMISSION LINE WILL REQUIRE NET ADDITIONAL CAPITAL INVESTMENT OF $35 MILLION.POLARIS -CERTAIN VENDORS TO RECEIVE ADDITIONAL COMMON SHARES OF CO IF,AFTER FIRST 2 YEARS OF COMMERCIAL OPERATION, GENERACIÓN ANDINA PROJECTS HAVE EXCEEDED TARGETED LEVELS OF GENERATION.POLARIS INFRASTRUCTURE - A MAXIMUM OF ABOUT 970,000 ADDITIONAL SHARES OF CO WOULD BE ISSUED TO CERTAIN VENDORS, WERE GENERATION TO ACHIEVE TOP END OF TARGET RANGE.  Full Article

Polaris Infrastructure Q1 Revenue $14.7 Million Versus $13.4 Million
Tuesday, 8 May 2018 07:52pm EDT 

May 8 (Reuters) - Polaris Infrastructure Inc ::POLARIS INFRASTRUCTURE ANNOUNCES 2018 FIRST QUARTER RESULTS.Q1 REVENUE $14.7 MILLION VERSUS $13.4 MILLION.Q1 TOTAL EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY $0.03.Q1 AVERAGE PRODUCTION 53.9 MW (NET) VERSUS 50.4 MW (NET).  Full Article

Polaris Infrastructure announces 2017 third quarter results
Tuesday, 7 Nov 2017 07:54pm EST 

Nov 7 (Reuters) - Polaris Infrastructure Inc :Polaris Infrastructure announces 2017 third quarter results.Polaris Infrastructure Inc-qtrly ‍total revenue $15.3 million versus $14.3 million​.Qtrly earnings per share $0.06 ‍​.  Full Article