AIMCo partners with Journey Energy, commits $30 mln in funding
Alberta Investment Management Corp (AIMCo) has entered into a strategic financing partnership with Journey Energy Inc (TSX: JOY), an Edmonton-based oil-weighted energy explorer and producer operating in Western Canada. The company completed a private placement of 30,000 units to AIMCo, which generated gross proceeds of $30 million. Journey completed an initial public offering in June 2014. One of its investors at the time, Infra-PSP Partners, an affiliate of Public Sector Pension Investment Board (PSP Investments), continues to hold a minority interest.
11 October 2016•3 mins read
