Mr. Vince Borg reports

AECON COMPLETES $150 MILLION PUBLIC OFFERING OF CONVERTIBLE DEBENTURES

Aecon Group Inc. has completed its previously announced public offering of $150-million aggregate principal amount of 5.50-per-cent convertible unsecured subordinated debentures due Dec. 31, 2018.

The offering of debentures was completed on a bought deal basis through a syndicate of underwriters led by TD Securities Inc. and GMP Securities LP. Aecon has also granted the underwriters an overallotment option to purchase up to an additional $22.5-million aggregate principal amount of debentures, exercisable in whole or in part for a period of 30 days following closing of the offering, to cover overallotments, if any.

As previously announced, Aecon intends to use the net proceeds of the offering to refinance at maturity Aecon's 7.0-per-cent convertible unsecured subordinated debentures due Sept. 30, 2014, and, in the interim, for general corporate purposes.

We seek Safe Harbor.