Aecon Group Raises $32.5 Million through Private Placement of Convertible Debentures

March 17, 2005

On March 17, 2005, Aecon Group Inc. (TSX: ARE), a global construction and engineering firm, completed a $32.5 million private placement of 8.25% convertible subordinated debentures due 2010.  The transaction was lead by GMP Securities Ltd. and included Paradigm Capital Inc. and Canaccord Capital Corporation.

Wildeboer Dellelce LLP represented Aecon Group with a team including Troy Pocaluyko, Charlie Malone and Paula Amy Hewitt (corporate and securities) and Kevin Fritz (tax).

Top