ACE Aviation makes $58 million selling interest in Air Canada
from The Montreal Gazette
ACE Aviation Holdings is continuing with its plans to wind down by selling its remaining shares and warrants in Air Canada to Cormark Securities for net proceeds of $58 million. The airline holding company said it sold 31 million Air Canada shares, 1.25 million warrants to purchase Air Canada shares at an exercise price of $1.51 and 1.25 million warrants with an exercise price of $1.44.
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