Air Canada announced today that it has completed the closing of its previously announced bought deal public offering pursuant to which it sold to an underwriting syndicate 160,500,000 Units for aggregate gross proceeds to Air Canada of $260,010,000 (net proceeds of approximately $249,600,000 after deduction of the underwriting fees).
Each Unit is comprised of one Class B Voting Share or one Class A Variable Voting Share and one-half of one share purchase warrant. The net proceeds will be used for working capital and for general corporate purposes
