The Caisse de dépôt et placement du Québec acquires common shares of Storm Resources Ltd
MONTREAL, May 2, 2013 /CNW Telbec/ - The Caisse de dépôt et placement du Québec (the "Caisse") announced that it acquired, following a bought-deal public offering of Storm Resources Ltd. (TSX VENTURE: SRX) ("Storm") through a syndicate of underwriters led by FirstEnergy Capital Corp. and including National Bank Financial Inc., Peters & Co. Limited, Macquarie Capital Markets Canada Ltd., and RBC Capital Markets Inc, 3,673,000 common shares of Storm at a price of $ 1.88 CA per share, representing 4.74% of Storm Resources' outstanding common shares.
Prior to this transaction, Caisse held 4,850,000 common shares of Storm.
Pursuant to this transaction, the Caisse now holds 8,523,000 common shares of Storm, representing 11.01% of the outstanding common shares.
The Caisse may increase or decrease its interest in Storm based on market conditions or other relevant factors.
This news release is issued in accordance with the early warning requirements stipulated by securities regulation, which require that investors, including the Caisse, issue and file a news release and a report, when they acquire beneficial ownership of securities with voting rights that would represent, with the securities they already hold, 10 % or more of the outstanding shares.
In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website (www.sedar.com) and from the person referred to below.
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC